All the technicals we've discussed in the previous week's posts are now coming together beautifully.
We're approaching the last 5th wave of the 5-3-5 zigzag correction, which ultimate target also perfectly aligns with the C-wave. We're talking about a prospect bottom at around $43,000-43,500, give or take. What further supports this is that Bitcoin hasn't had any significant sell-off volumes on the daily chart, which is a textbook reversal confirmation. Expect to see some serious 5th of the C-wave trading volumes in the upcoming few days.
We're approaching the last 5th wave of the 5-3-5 zigzag correction, which ultimate target also perfectly aligns with the C-wave. We're talking about a prospect bottom at around $43,000-43,500, give or take. What further supports this is that Bitcoin hasn't had any significant sell-off volumes on the daily chart, which is a textbook reversal confirmation. Expect to see some serious 5th of the C-wave trading volumes in the upcoming few days.