Bitcoin fell head over heels – not in love (or did it?) but rather into the magenta zone between $24055 and $18897. There, it still has more room to finish wave v in magenta – ideally in its lower third. Then, Bitcoin should take off its rose- or rather magenta-colored glasses and head upwards, crossing the resistance at $26591. However, there is a chance that Bitcoin could drop through the magenta zone and continue the descent instead.
