Bitcoin’s correction is not over yet (12H)Bitcoin / TetherUSBINANCE:BTCUSDTbehdarkThis analysis is an update to the previous analysis shown in the related publications section. Bitcoin was rejected strongly from the previous supply zone and has dropped more than 10% so far. Now let’s get into more detail. According to the previous analysis, Bitcoin still appears to be moving inside a large Diametric pattern. Wave F of this Diametric is not expected to finish anytime soon, since Wave E has only recently been completed. Moving forward, Bitcoin is expected to enter another corrective phase either from the current area or after tapping the marked supply zone again, allowing Wave F enough time to fully develop. Wave F could be completed within the time ranges highlighted on the chart. In our supply zone model, we have an “optimized” area, which is considered a strong supply zone. The target for Wave F could be the 71K region. A daily candle close above the invalidation level would invalidate this bearish outlook. If you have a symbole or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you. What do you think? Is BITCOIN bullish?