In the weekly timeframe, we almost see Elliott following the wave count.
Here are two hypotheses for the growth of bitcoin:
In the first case, Bitcoin will not be able to break the resistance of $ 67,000. I expect a drop to $ 55,000 and the start of a new upward wave. It is up to $ 90,000 and then we enter the correction of the end of wave 5.
In the second case, which I myself prefer, the growth to the range of $ 80,000 and the 4th wave of correction to about $ 60,000, which is a weekly pullback, and the beginning of the fifth wave and increase to about $ 100,000.
Of course, all this will probably be violated in the event of a fourth wave falling to the range of the second wave, about 51 thousand dollars.
Here are two hypotheses for the growth of bitcoin:
In the first case, Bitcoin will not be able to break the resistance of $ 67,000. I expect a drop to $ 55,000 and the start of a new upward wave. It is up to $ 90,000 and then we enter the correction of the end of wave 5.
In the second case, which I myself prefer, the growth to the range of $ 80,000 and the 4th wave of correction to about $ 60,000, which is a weekly pullback, and the beginning of the fifth wave and increase to about $ 100,000.
Of course, all this will probably be violated in the event of a fourth wave falling to the range of the second wave, about 51 thousand dollars.
