Bolfooz

Gotta take some breath?

Short
BITFINEX:BTCUSD   Bitcoin
We’ve experienced five impulsive waves since August 2023. After reaching a new ATH, the price underwent a regression to below 71k. According to Elliott Wave theory, we are currently in a corrective phase, denoted as ABC, and have just completed the A wave, entering the B wave. The next wave, C, is the last one, targeting prices around 52k. If the current price manages to break through the tough 72k barrier, then the C corrective wave will not occur

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.