Bitcoin Inching Toward a Decisive Moment

For those who have been following my work, in yesterday’s bitcoin analysis article we postulated that the 2nd arc of the arc pair might hold bitcoin price back for a bit – maybe cause a pullback – and that is what happened.
I am still of the opinion that the 4th arc pair will likely be broken. This would make the 5th arc the next target. However, I do not know this for certain. There is still that disconcerting bear setup that we looked at yesterday. Let’s look at it again:

This post was published at Crypto Coins News on 02/11/2016.