Bitcoin is in a corrective phase according to my elliott wave analysis. Price is expected to move lower towards 10-8k area before resuming higher. Traders should be patient and look for bullish reversal and setups at those levels and not sooner. So far price follows the wave scenario we showed in previous posts.
Trading Bitcoin and other cryptocurrencies entails high risk and increased volatility relative to other financial regulated instruments. If you are new to trading in general, please be extremely careful trading these currencies.