The BTC is completing its 4th #ElliottWave on the weekly timeframe.
The 1W #MA50 still serves as historical #support, with Trump's #tariffs as a drag.
The optimistic scenario extends the 5th point to ~120K, while a pessimistic scenario expects a #retest of the ~55K support zone of the 200 Moving Average.
The 1W #MA50 still serves as historical #support, with Trump's #tariffs as a drag.
The optimistic scenario extends the 5th point to ~120K, while a pessimistic scenario expects a #retest of the ~55K support zone of the 200 Moving Average.
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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.