#BITCOIN #BTCUSD DAILY CHART ELLIOTT ANALYSIS
Given that the price fell from the 69000 peak in three waves, we are probably currently facing a triangular correction of the price, which can be considered as an X-wave and can be expected to start from the range of 42000 to 44000. Other than that, its targets can be in the range below $ 32,000.
If the price rises...
Bitcoin's Ascending Triangle - Week 14
As you can see I believe Bitcoin is in the endgame of an Ascending Triangle since March.
I'd be looking for Longs at the 0.5 & 0.618 Retracement of the current move. (Around 58k)
Estimated Top is still at around 68k - 74k.
