BTC after $40K: Uptrend or WXY Pattern?

Apr 26, 2023

Analysis of Bitcoin on the Weekly Timeframe

Overview:

• BTC is expected to reach 40K after completing the 5 impulse wave
  
• After reaching 40K, BTC is expected to experience a correction wave down to 25K
  
• The future price action of BTC is uncertain, as it may either continue as an uptrend or fall below 25K to follow the WXY pattern
  

Note:

• These scenarios are just some of the analysis scenarios and are not necessarily expected to happen
  
• Please check the charts and other indicators for more information.
  

Feb 10, 2024

Trade closed: target reached