Bitcoin (BTC): Recalibration
I had to recalibrate and re-do my support lines since Bitcoin broke through support this morning. It's looking more like a descending wedge now with the apex nearing a strong support area around $8,500-$7,500. I don't think Bitcoin is finished correcting itself. With it's positive run and parabolic increase, it NEEDS this correction to reach higher highs and bigger waves up.
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