Bitcoin: Near term forecast
Updated
Hi Everyone,
Just to share a very near-term forecast for Bitcoin, and an update to the prior BTC projection.
I expect a correction to around 38k region (42k minimum) within the next few days, and this is supported by:
1) Internal Fibonacci at 50% reached.
2) High MACD with recent divergence.
3) Potential completion of B wave (or subwave a of B wave).
However, this analysis ignores fundamentals,
Good luck!
Just to share a very near-term forecast for Bitcoin, and an update to the prior BTC projection.
I expect a correction to around 38k region (42k minimum) within the next few days, and this is supported by:
1) Internal Fibonacci at 50% reached.
2) High MACD with recent divergence.
3) Potential completion of B wave (or subwave a of B wave).
However, this analysis ignores fundamentals,
Good luck!
Note
If the previous high of 46.8 is broken, next target will be near 49k close to the upper trend, and completing the final c subwave of wave B.
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