Bitcoin has been moving in an uptrend since the beginning of 2023. By looking at the current price action and using the impulse-correction-impulse concept, we can see that Bitcoin is preparing for another upside move toward 100k. Using Elliot Wave theory, we are now in wave 4 ( Correction ), and what we are expecting is wave 5 ( Impulse ).
LONG Entry:
- Look for the rejection of channel support and 0.382 Fibonacci level
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