The Bear case for BTC
Updated
In my previous BTC analysis, i have mentioned about the bullish case for BTC commenting on that idea that incase we are in bull market, the correction was over at the last low.
Here is the bearish case for BTC which can lead BTC towards 30K. Its invalidation is if the market breaks the mentioned wave 2 area.
Confirmation of bear market would be by breaking below the local low (wave 3) of this downward move.
Here is the bearish case for BTC which can lead BTC towards 30K. Its invalidation is if the market breaks the mentioned wave 2 area.
Confirmation of bear market would be by breaking below the local low (wave 3) of this downward move.
Note
This one aged like a wine.
Although, as of now I am inclined towards the thesis that this is just a correction and in a couple weeks, we should see a bounce towards our third and final rally.
ETH as per my analysis seems to be going towards 7,000$. Currently sitting at around 2,400$, i am expecting a little bit more drop on Ethereum towards 1,800$ region before we see an upward move towards my targeted 7,000$
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