Where will bitcoin go?

Updated

It seems that Bitcoin will not behave like it used to and we should continue to see the price drop. Bitcoin seems to be in the process of completing the elongated flat pattern and is currently in wave C. This pattern indicates that the future correction of Bitcoin will be a triangle.

Trade closed manually

Hi guys

I think getting out of the buying position in these areas can be a good idea. If you don't intend to sell completely.

Note

Bitcoin is still in the path of analysis, but a small shift on the labels helps to follow Bitcoin better. So when we put the end of wave 3 at 18880 instead of 15823, we see that our wave 4 is a flat pattern and now We are at the end of wave (c) of flat. It may even move up to $26,000, but eventually Bitcoin will fall in price.

In my opinion, if you intend to buy and keep for a long time, the price from 6200 to 5000 dollars is suitable.

Note

Bitcoin moved slightly higher than the price target we expected, but did not violate the bearish scenario.

We still expect a decrease in the price of Bitcoin, with the difference that our price target is 6700-7600 dollars

tradingview.com/chart/N0nBdzyF/?symbol=BINANCE:BTCUSDT

Note

Bitcoin update

Today, Bitcoin moved up 2.8% in the 15-minute time frame and reached the range of 27,700.

We expect Bitcoin to drop to $23,000

NEoWave-Academy

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