I call this the "oval" or "egg" correction. Any movement lower and outside of the oval would, to me, indicate the correction is NOT over and it may experience much lower prices. I believe that current price is at it's most critical point, and maybe into next week as well. In my opinion, 7450 is a critical price point, and I'm looking for Bitcoin to re-establish itself above that point and eventually moving out of the oval, and use that price as a support level....then moving up to challenge the previous historic high at +19,000.
Let's see what happens. Good Luck!
Let's see what happens. Good Luck!