Bitcoin / TetherUSUpdated Deciphering Bitcoin's potential Next Moves
Following up on our previous ETF analysis, we had forecasted a potential surge in Bitcoin's price, pinpointing an optimal buy-back range around 40k with a target set at 57k post-ETF approval effects.
This prediction has unfolded remarkably well, aligning closely with our expectations. For an in-depth review of our initial analysis, visit the following link:
In the wake of the ETF approval, the cryptocurrency domain has witnessed significant capital inflows, bolstering the overall market capitalization and reinforcing Bitcoin's robustness.
Our current analysis shifts focus to delineating the potential terminus of the ongoing Wave 3 leg. We project a zig-zag pattern, characterized by an ABC formation (highlighted in yellow on the chart), with targets anticipated at approximately 60k and
65K, respectively. A pivotal demand level identified around 
48K merits attention, potentially serving as an immediate buy-back zone should the price revisit this threshold.
As Wave 3 concludes, we anticipate the commencement of Wave 4, expected to be a rapid descent with targets ranging from 37k down to a critical support zone at
31K, where a concealed level lies.
This analysis will be subject to updates in alignment with market developments.
Engagement through comments and appreciations of this analysis are highly welcomed and encouraged.
This prediction has unfolded remarkably well, aligning closely with our expectations. For an in-depth review of our initial analysis, visit the following link:
In the wake of the ETF approval, the cryptocurrency domain has witnessed significant capital inflows, bolstering the overall market capitalization and reinforcing Bitcoin's robustness.
Our current analysis shifts focus to delineating the potential terminus of the ongoing Wave 3 leg. We project a zig-zag pattern, characterized by an ABC formation (highlighted in yellow on the chart), with targets anticipated at approximately 60k and
65K, respectively. A pivotal demand level identified around 48K merits attention, potentially serving as an immediate buy-back zone should the price revisit this threshold.As Wave 3 concludes, we anticipate the commencement of Wave 4, expected to be a rapid descent with targets ranging from 37k down to a critical support zone at
31K, where a concealed level lies.This analysis will be subject to updates in alignment with market developments.
Engagement through comments and appreciations of this analysis are highly welcomed and encouraged.
Trade active
The BTC price is currently experiencing consolidation within a $52,800 to $50,600 bracket. The forthcoming breakout from this range is poised to indicate the next directional move for the price. Additionally, the prevailing wave analysis suggests the possibility of one more wave prior to concluding the current cycle.
Trade active
BTC still holding above immediate support level.Trade active
Trade active
Going as expectedTrade active
BTC hit 57kNote
We should prepare to see what happen at 60k zone this will be a big supply area.Trade closed: target reached
Note
This idea is no more valid. Follow the recent update.
📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Advert/Partnership: t.me/WESLAD
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.