n1arash

Is bitcoin correction phase coming?

BINANCE:BTCUSDT   Bitcoin / TetherUS
as we can see in the chart based on elliot waves impulses fifth wave is remaining t complete the pattern, after that bitcoin got a weekly resistance at 49000 to deal with if it break this resistance our weekly resistance can become our support area then we can rally to the next target 51000 but if bitcoin were unable to break the resistance we will have a correction until 45000 support area to be tested again.

#NFA
Like and share if it's helped.

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.