Analysis of Bitcoin on the Weekly Timeframe
Overview:
Note:
Overview:
- BTC is expected to reach $40K after completing the 5 impulse wave
- After reaching $40K, BTC is expected to experience a correction wave down to 25K
- The future price action of BTC is uncertain, as it may either continue as an uptrend or fall below 25K to follow the WXY pattern
Note:
- These scenarios are just some of the analysis scenarios and are not necessarily expected to happen
- Please check the charts and other indicators for more information.
Trade closed: target reached
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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.