Bitcoins Wave 4 ABC Correction. (53K-49K BTC)
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Bitcoins Wave 4 ABC Correction. (53K-49K BTC)
Bitcoin / U.S. dollarBITSTAMP:BTCUSD
![[IMAGE]](https://s3.tradingview.com/a/AbwndeLX_mid.png)
Bitcoin is currently in s wave 4 correction.
Wave 4's are profit taking waves. No confirmation yet, however ' C waves are generally 5 micro wave down.
I'm expecting a wick down to test the 50% correction measured from wave 2 ( ![[IMAGE]](https://s3-symbol-logo.tradingview.com/karyopharm-therapeutics.svg){kind=logo}
25K BTC) at ![[IMAGE]](https://s3-symbol-logo.tradingview.com/kose.svg){kind=logo}
49K BTC. Based on fib time frames this correction should complete by end of June.
I'm seeing wave 5 tops throughout the market as well like Solana etc, so I'm expecting a 30% correction from here also back into the $80 range.
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