Bitcoin Set to Gyrate Between $50k and $70k through 2025!
The early August collapse gave us a chance to zoom in on Bitcoin's structures since this year’s high. Here's what we’re seeing:
🔷 Expanding triangle formed into July's low, followed by a rally that looks like an x-wave.
🔷 Action after wave-x suggests we're no longer in a triangle but likely in a Neowave diametric pattern.
🔷 The violent wave-a into this year’s low fits contracting triangles, but also flats and diametrics.
💡 The size of wave-d is now too large for a contracting triangle, so I’ve adjusted the structure to suggest a diametric is forming.
What This Means:
Bitcoin could gyrate between 50K and 70K for the rest of 2024, possibly into early 2025! 📈
This period of sideways movement could create prime accumulation opportunities before the next big breakout.
Watch for further wave formations to confirm this diametric pattern—this is a crucial time to strategize and capitalize on the moves ahead! 🚀
🔷 Expanding triangle formed into July's low, followed by a rally that looks like an x-wave.
🔷 Action after wave-x suggests we're no longer in a triangle but likely in a Neowave diametric pattern.
🔷 The violent wave-a into this year’s low fits contracting triangles, but also flats and diametrics.
💡 The size of wave-d is now too large for a contracting triangle, so I’ve adjusted the structure to suggest a diametric is forming.
What This Means:
Bitcoin could gyrate between 50K and 70K for the rest of 2024, possibly into early 2025! 📈
This period of sideways movement could create prime accumulation opportunities before the next big breakout.
Watch for further wave formations to confirm this diametric pattern—this is a crucial time to strategize and capitalize on the moves ahead! 🚀
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