When we examine the long-term btc chart;
I think we are now in the 4th correction wave according to the elliot wave pattern.
If the price goes up to the 0.5 fibonachi level ($32k level), I wouldn't expect a new low in btc.
If the price starts to drop from the 0.382 fibonachi level ($28k level), the possibility of a new bottom is higher.
I think we are now in the 4th correction wave according to the elliot wave pattern.
If the price goes up to the 0.5 fibonachi level ($32k level), I wouldn't expect a new low in btc.
If the price starts to drop from the 0.382 fibonachi level ($28k level), the possibility of a new bottom is higher.
