The market does not find the support needed to break above its 61.8% extension at $ 11,560 and is therefore backlogged. If the Bears now step below $ 9,900, the gates will open towards the $ 8,000 mark. As a result, the underlying alternative would also be neutralized, and the market would be well on the way to reaching its final low followed by a return to its overall upward movement.
We could thus expand the low in BTC next week, before the cops take over the wheel again and drive the market to new all-time highs. In Ethereum, the Bulls are also failing at the 161.8% extension at $ 1083 and are only stopping at $ 979 in the form of the 123.6% extension. Below $ 914, and ultimately $ 877, the market is back in the hands of the bears and well on its way to reaching the $ 655 range within our primary expectation.
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