BOTTOMING PROCESS
Updated
On our daily chart we can see bitcoin is already making new Higher High
from 17.5k Lower Low, this pattern telling us that bitcoin is already in
bottoming process, right now price is just completing the
Elliot Wave counts corrective phase.
As of now were still trying to wait were the price will make new
Higher Low between 18k or 20k before bitcoin goes to new bullish cycle,
in macro perspective,
Bull market will start on MAY 2024, on BTC historical bitcoin still inside
the big sideways or the accumulation phase that could last until,
mid 2023 base on US Federal Hikes plan.
i will update this one we see a double bottom pattern on daily charts.
from 17.5k Lower Low, this pattern telling us that bitcoin is already in
bottoming process, right now price is just completing the
Elliot Wave counts corrective phase.
As of now were still trying to wait were the price will make new
Higher Low between 18k or 20k before bitcoin goes to new bullish cycle,
in macro perspective,
Bull market will start on MAY 2024, on BTC historical bitcoin still inside
the big sideways or the accumulation phase that could last until,
mid 2023 base on US Federal Hikes plan.
i will update this one we see a double bottom pattern on daily charts.
Note
were could confirm that wave5 is already hit and bitcoin is on tract for 30k+ end year
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