We are currently in the third and final correction phase. If we look at the five waves and three corrections for the previous period we can see that BTC follows the elliot waves. Since BTC's uptrend (impulses in elliot waves theory) are steeper and the corrections proportionally steeper we can make a fair prediction that the lowest price of BTC for the third correction wave will be around $3523 USD.
Consider also that even though Segwit has been activated, there is a potential hardfork in November due to Segwit 2x. This possibility creates a bearish trend during September to November. Until it is resolved we won't see another strong bull run.
Consider also that even though Segwit has been activated, there is a potential hardfork in November due to Segwit 2x. This possibility creates a bearish trend during September to November. Until it is resolved we won't see another strong bull run.
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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.