A-V-shaped recovery for BTC is very unlikely.

I've seen a lot of people posting about a V-shaped recovery it's more likely we play out a Wyckoff accumulation for the next few weeks and months. Be very careful with the target I produced for the spring I got this target by taking the initial crash and using that on the retracement giving us an ABC correction. It gives us a target of roughly 23k.

The $53 target is the B wave target in a larger ABC correction which is right in between the .618 and the .702 which is exactly where the last retracement back in Wyckoff stopped out right back in August.
Beyond Technical AnalysisTrend AnalysisWave Analysis

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