I have a little opinion about the BTC price now, I thought about it for a while and made a little opinion on the price and the correction that occurred in BTCUSD. The bullrun hasn't finished yet considering the on-chain data still shows that now is an accumulation phase and in this elliot wave we are still in correction in the 4th wave in monthly chart and the good news is that this GBTC unlock is the biggest in this year and lastly, I see the price will spike after 18 July .
Let's see..
Let's see..
Comment:
If the bulls have finished it should have formed the 5th wave which confirmed the divergence on the RSI indicator. then I conclude that the bullrun is not over yet.
Comment:
By the way, i'm making this general only, because if i describe this elliot wave it will have too many lines to worry about confusing, if u understand it u can create waves within the wave in a smaller timeframe.
I hope this helps.
I hope this helps.