SUMMARY
Bitcoin (BTC) price action today has been declining after breaking down from the upward pointing wedge pattern. Thus far, it is and will likely remain a minor correction that coudl follow either the blue or white arrow pathway as shown in below chart:
I've updated the Elliott subwaves to count a full impulse with the new price data. I believe blue corrective wave (a) will probably reach the 0.5 Fib zone while and following the (b) wave bounce; the blue (c) could decline towards the 0.618 Fib zone. This correction still has the indicators for a ZigZag (5,3,5) correction. Let's see when the blue (a) completes and the onset of (b) takes place during ovenight price moves.
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