BTC AT THE BEARS' VITAL AREABitcoin / US DollarCOINBASE:BTCUSDSive-MortenMorning folks, So, BTC is showing upward action and it is seemed that bears are done. But they are not yet. In fact, BTC has completed our 3-drive target on 1H chart and now turns down. We consider a few different scenarios and big bullish reversal pattern could be formed later around 60K area, but the very bearish scenario is not cancelled as well. Only jump above 67K could ruin it. The target of the 3-Drive itself is 62K level - bottom between 2nd and 3rd drives. So, if you want to take long investing position on BTC - it makes sense to wait either for final confirmation and upside breakout of 67K or deep retracement.