Bitcoin (BTC) Outlook 13th December 2022

btc rising

Nothing much has changed since last time I shared the update on BTC. We seen to be in final leg Z of W-X-Y-X-Z complex correction since the November high of 69000 last year. So far, Z seem to be a-b-c correction out of which a and b seem complete and we are in final leg c.

Wave c might end up being 5 wave (i-ii-iii-iv-v) and we seen to be in wave ii as of now. Still long way to go (down) before Z can be marked complete following which we should see fresh bullish cycle in BTC.

This view gets invalidated if BTC breaks the wave X high of 25054.

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