BITCOIN CORRECTION ABC PATTERN
2024-12-03

Momentum has stalled on Bitcoin after failure to capture 98k. This area has strong  supply and we are likely to see a negative week on Bitcoin after weeks of unprecedent price levels. 

ABC correction is in motion.
Leg A was from 99500 - 90800 
Leg B was from 90800 - 98600 
Leg B-C is from 98600 - 86000 

My belief is that we will see Bitcoin come down to 86000 area - huge leveraged liquidations are at this level. Then we will gain more momentum at this level for the push back to 100k and beyond, 