Bitcoin, BTCUSD is coming even lower in the 4-hour chart, breaking even below December 2021 lows, ideally within wave (C) or (3) and there can be room for more weakness, at least towards 39k-37k area for wave (C) if not even lower for wave (3).
So, we remain bearish and we should be aware of more downside pressure while the price is below strong trendline connected from the highs and below 52200 invalidation level.
Bitcoin 4h Elliott Wave Analysis
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