Bitcoin to 45k+?
Hi everyone,
After the recent sell-off on Bitcoin, I believe we've recently completed the A wave of the correction.
I think we're currently at the beginning of a B wave. This usually exceeds the 50% Fibonacci level, and I would therefore expect more than 45k to be reached.
There is an alternative scenario where we've already completed an ABC correction, but in this scenario we should also resume the long-term trend higher.
Good luck!
After the recent sell-off on Bitcoin, I believe we've recently completed the A wave of the correction.
I think we're currently at the beginning of a B wave. This usually exceeds the 50% Fibonacci level, and I would therefore expect more than 45k to be reached.
There is an alternative scenario where we've already completed an ABC correction, but in this scenario we should also resume the long-term trend higher.
Good luck!
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.