Hello, dear Skyrexians!
Bitcoin is crashing right now and traders have the question, when BTC will go up again or we are in the next bearish phase. In my opinion it's in bearish phase, but bounce is likely to be seen.
After full 5 Elliott waves cycle Bitcoin is showing us the ABC correction. It has the strong target next to the wave 4 bottom of lower degree. We can see $40k but after that bounce to 0.61 Fibonacci at $45000 is imminent.
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Bitcoin is crashing right now and traders have the question, when BTC will go up again or we are in the next bearish phase. In my opinion it's in bearish phase, but bounce is likely to be seen.
After full 5 Elliott waves cycle Bitcoin is showing us the ABC correction. It has the strong target next to the wave 4 bottom of lower degree. We can see $40k but after that bounce to 0.61 Fibonacci at $45000 is imminent.
Follow us and never miss update!
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