Bitcoin continues to correct.
On its way, Bitcoin hit the resistance area of the dynamic line and could not cross it .
Even the Elliott correction wave from A to B can not pass the dynamic resistance line .
As you can see, the downward trend line of RSI has not been broken .
Overall we are heading towards 33k .
BTC may have a minor correction in its path and continue its path after hitting the support area of 38500 .
At the end, BTC may reach 24700 with further modification and this is the final station .
The next destination will be 53k .
This is not an offer to trade and is only a personal opinion .
Thank you for paying attention to my comment .
Even the Elliott correction wave from A to B can not pass the dynamic resistance line .
As you can see, the downward trend line of RSI has not been broken .
Overall we are heading towards 33k .
BTC may have a minor correction in its path and continue its path after hitting the support area of 38500 .
At the end, BTC may reach 24700 with further modification and this is the final station .
The next destination will be 53k .
This is not an offer to trade and is only a personal opinion .
Thank you for paying attention to my comment .
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.