Ascending triangle in Bitcoin broken; target $42400

14 בינו׳ 2021

The ascending triangle neckline was broken at $36250; the target for this move is now $36250 + ($36250-$30100) = $42400. The Elliot Wave is in a 3rd minor wave that should break 40K resistance soon. I believe after the target is met there may be a retest of 40K as support then a big move up toward 45K.