Bitcoin has significant potential to break through, but has struggled in recent months. The market should clear its discount zone liquidity, or FVG of monthly time frame, to reach a clear target. The market should follow expectations for a bull run or potentially attract new people out of FOMO. Please comment on your suggestions.
As Per #Bitcoin 1-day chart analysis, it is CRYPTOCAP:BTC last cycle towards downtrends around $62k-63k approx. within next 4-5days and after that, #Bitcoin starts moving towards their Uptrend cycle of #BullRun, again in Zig-Zag mode of some little Ups-Downs as per #Elliott #ImpulsiveWave with from 5-7 August onwards upto Feb. 2025 and then its #CorrectionWave...
#Bitcoin Weekly Chart Analysis
Bitcoin smoothly moving as per #Elliott #ImpulsiveWave after Last Lower-Low of #BearishZone at 21 Nov. 2022 and almost completing its 3rd Wave and after that its 4th Wave starts as correction towards BER:33K -34k at final time upto April-May 2024 at the time of CRYPTOCAP:BTC #HalvingZone.
Lets see, what's next move...
anyway...
#BITCOIN Weekly Chart Analysis
As per Weekly movements, MIL:BTC moving towards $38k to FWB:48K ( May be chances to break-out $50k again 8th time in history), but before #Halving once it will be take a reversal towards $30k also last time to book profits by Whalers in this cycle.
So, Ready for that last ride of last downtrend cycle before #BullRun Starts...
