Bitcoin's Potential Short-term Weakness
Bitcoin may have found its bottom at the $15,570 level. If this assessment holds true, it's possible that an impulsive leg upwards has completed the five-wave sequence characteristic of a bullish trend, indicating the first leg of this upward move.
Currently, Bitcoin appears to be in a corrective phase, which seems to be forming in a WXY pattern. The W and X legs of this pattern appear to be nearing completion, and I will be closely watching for signs of the Y leg's formation. This development could potentially propel Bitcoin to reach at least the $23,000 mark before embarking on another upward leg.
Currently, Bitcoin appears to be in a corrective phase, which seems to be forming in a WXY pattern. The W and X legs of this pattern appear to be nearing completion, and I will be closely watching for signs of the Y leg's formation. This development could potentially propel Bitcoin to reach at least the $23,000 mark before embarking on another upward leg.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.