This local correction should be over very soon, and we can continue higher in the uptrend!
It's not an easy task to do an Elliott Wave analysis here, but this is how I see it.
As per my Elliott Wave analysis, we are in the impulse wave 3 of the huge impulse wave 3.
Currently, we are very close to the acceleration point, where we will see an increase in volatility.
I am very bullish on Bitcoin and I would never short Bitcoin on the futures market at the current or even lower price!
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Nota
If we zoom-in, we can see a gap that can be filled before another pump. We can go lower to 0.618 FIB or 0.786 FIB + fill the gap. Also, there is a nice trendline.
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