BITCOIN: Support seems to hold

From the three options posted yesterday, the 1st and the third seem to have more probabilities of success right now:

The MID-Term support seems to hold as well as the support formed by an old resistance (horizontal line in blue) formed 2 weeks ago:

As I said yesterday, it looks to me that BITCOIN still may have a last movement down to complete a 61.8 FIBO level correction and I expect this movement in a way that it will create a Bull wick up (First option and primary).

Nevertheless, before that will happen, a longer sideways movement may evolve and so the third option is also in play.

I disregard the second, since the market is not behaving reactively these days.

- 1st Option and more likely IMO (Bull Wick formation):

Assuming that, BITCOIN still didn't reach the bottom of the correction which may be around 61.8 FIBO level (7007 USD)
(c) Would finish around 7007 just below the Mid-Term Support, completing the (4)th Wave of the Blue count.
Target of the 5th wave (in blue) around 9000 USD

- 2nd Option (but not expected) (the "explosive" rebound):

Disregarded.

- 3rd and more boring option: let's slide sideways along the Mid-Term line

Willing to find a better moment for the market to jump up...

...as usual, enjoy Cryptoland!!!

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

Posted at TIMM