BTC/USD: Bull Market Confirmed! Here's What's Next
After careful analysis, it's clear we've entered a bull market for BTC.
The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways:
It's almost too good to be true!
We're currently riding wave 5 of the initial bullish impulse. Expect bullish momentum to persist until the end of November. Following that, prepare for a retracement back to the ~$25000 region before we launch into a massive bull run for 2024!
The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways:
- The trend from 23rd November 2022 presents as a robust bullish impulse.
- All impulse waves and corrections looks nice and well-balanced.
- The waves within this trend are well-proportioned and align with various Fibonacci levels.
It's almost too good to be true!
We're currently riding wave 5 of the initial bullish impulse. Expect bullish momentum to persist until the end of November. Following that, prepare for a retracement back to the ~$25000 region before we launch into a massive bull run for 2024!
Comment:
This forecast seems to be very positive. The target here noted correctly, but we are not in Bull market. We have some bullish period until December and then there will be the Final Year of Bearish market.
