Bitcoin Price Target was reached after the Wall Street-backed EDX Exchange Launch:
Bitcoin has formed a double top pattern within an overbought area, which suggests a potential bearish reversal in the near term. The double top pattern is characterized by two distinct peaks at approximately the same level, indicating a potential exhaustion of buying pressure and a shift towards selling pressure.
Considering this double top formation and applying Elliott Wave theory, there is a projected price target of $28,300. Elliott Wave analysis aims to identify repetitive patterns in market cycles, including impulse waves and corrective waves, to predict future price movements.
Looking forward to read your opinion about it.
Bitcoin has formed a double top pattern within an overbought area, which suggests a potential bearish reversal in the near term. The double top pattern is characterized by two distinct peaks at approximately the same level, indicating a potential exhaustion of buying pressure and a shift towards selling pressure.
Considering this double top formation and applying Elliott Wave theory, there is a projected price target of $28,300. Elliott Wave analysis aims to identify repetitive patterns in market cycles, including impulse waves and corrective waves, to predict future price movements.
Looking forward to read your opinion about it.
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TRADING COURSE bit.ly/tradex
Private Signals www.patreon.com/PremiumOptionsSignals
RESULTS www.bit.ly/topgx
1%/DAY: bit.ly/3F56VTW
BYBIT partner.bybit.com/b/37880
