The weekly trend is preparing to initiate a correction phase, however, smaller time frame waves such as D and 2D are showing an upward trend. It's crucial to closely monitor price action and trends on the 1D and 2D time frames to see if they break through the nearest resistance levels, especially around the 74k zone.
Scenario 1 (60% probability): If the price...
Bitcoin is breaking out of its short-term downtrend and is currently in an Elliott Wave 3 movement. There is an expectation of Bitcoin's price growth towards its previous peak level of $73,000.
