100K may have to wait for sometime now that wave 4 is started

BTCUSD saw a negative daily close yesterday. With that, its fair to assume wave 4 down may have started and 100K will have to wait till wave 4 is done. Previous degree wave 4 was around 88K so that's a potential target for ongoing wave 4 and 38.2% retracement which is common for wave 4 is around 86500.

Having said that, if #BTC breaches the high of wave 3 (99860) and closes above it then it might mean that wave 5 up has started and 100K is back in picture soon.
Bitcoin (Cryptocurrency)BTCUSDElliott Wave

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