The long-term trend of BTC is shown on the chart as follows
Phase One: Bitcoin is just in the process of completing wave A correction in the medium-term trend with 5 Elliott strokes, then correction B and growth wave C estimated to reach $44675 , at the end of this wave the price chart will go triangle like we marked.
Phase 2: BTC will fall back to the $20,000 area, then correct to make 2 peaks, then turn down again. This cycle lasts for a long time, leading to the ups and downs of the market.
Phase 3: The market panic sold short, the price fell quickly to $ 5435 and then made a bottom to end its bearish cycle.
If you have any other views or want us to analyze any transaction codes, please do not hesitate to comment below
Phase One: Bitcoin is just in the process of completing wave A correction in the medium-term trend with 5 Elliott strokes, then correction B and growth wave C estimated to reach $44675 , at the end of this wave the price chart will go triangle like we marked.
Phase 2: BTC will fall back to the $20,000 area, then correct to make 2 peaks, then turn down again. This cycle lasts for a long time, leading to the ups and downs of the market.
Phase 3: The market panic sold short, the price fell quickly to $ 5435 and then made a bottom to end its bearish cycle.
If you have any other views or want us to analyze any transaction codes, please do not hesitate to comment below