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Bitcoin Prediction: Elliott Wave ii) Correction - tradinglounge


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Bitcoin BTC-USD Elliott Wave Technical Analysis on TradingLevels. Today's Price Forecast - TradingLounge
Summary Bitcoin BTC/USD: A bullish correction pattern is developing, potentially dropping to 25K for Wave ii) or 4. I would only adopt a bearish outlook if the 25,000 level becomes tested resistance. In the next trading session, both Bitcoin and the NASDAQ are expected to experience a decline, followed by the NASDAQ reaching new highs. It remains to be seen if Bitcoin will follow the NASDAQ's trajectory.
Elliott Wave 4 or Wave (c) of ii)
Strategy: None

Analyst Peter Mathers TradingLounge™ 

#bitcoin #btc #crypto #Elliottwave 

 

 

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