BTC is in the last stages of the corrective cycle
Our view about the Bitcoin situation.
The corrective cycle that started one year ago is reaching the last stages.
Even though the current price could be an excellent option to buy BTC, we still believe BTC will make new lows until it goes down to the 12,000 level and reaches the Inflection Zone (green area) to end the corrective cycle. From there, we expect it will resume the uptrend and start the bullish cycle that will break the historic highs during 2023.
We strongly believe this will be the last chance to buy BTC at this low price as we forecast that once wave 2 starts (II in orange, the new bullish cycle), the BTC price will never return to this price level.
We will continue monitoring BTC and update you accordingly.
Have a fantastic trading day
The corrective cycle that started one year ago is reaching the last stages.
Even though the current price could be an excellent option to buy BTC, we still believe BTC will make new lows until it goes down to the 12,000 level and reaches the Inflection Zone (green area) to end the corrective cycle. From there, we expect it will resume the uptrend and start the bullish cycle that will break the historic highs during 2023.
We strongly believe this will be the last chance to buy BTC at this low price as we forecast that once wave 2 starts (II in orange, the new bullish cycle), the BTC price will never return to this price level.
We will continue monitoring BTC and update you accordingly.
Have a fantastic trading day
Trading the Right Side team
All our links: bit.ly/m/TRS
NEW Free telegram channel: t.me/tradingtherightside
All our links: bit.ly/m/TRS
NEW Free telegram channel: t.me/tradingtherightside
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