I think we will find out about the direction of the current trend within the next 2 weeks. If we go above 24.500 with normal trading, we can expect a hike to 27,000 thousand and so on 31.000. If we go to touch below 21.000, then I think the bearish scenario will develop aggressively again from the break of the previous values. The main range may be around 12-14 thousand.
If we focus on Elliott waves and take into account that the bear market began in May 21. It turns out that from $63,000 we fell by 29 within the framework of wave "A" within the correction of wave "B" we drew ATH at 69,000. I think that within the framework of the final fall of wave "C" at 17.800 it was not enough to talk about the exact day. Not all major players were able to enter at such prices. Plus, the lower Bitcoin falls, the more profitable it will be for manipulators to swing it to the maximum again on a new cycle
I will be glad to hear your thoughts on Bitcoin in the comments :)
If we focus on Elliott waves and take into account that the bear market began in May 21. It turns out that from $63,000 we fell by 29 within the framework of wave "A" within the correction of wave "B" we drew ATH at 69,000. I think that within the framework of the final fall of wave "C" at 17.800 it was not enough to talk about the exact day. Not all major players were able to enter at such prices. Plus, the lower Bitcoin falls, the more profitable it will be for manipulators to swing it to the maximum again on a new cycle
I will be glad to hear your thoughts on Bitcoin in the comments :)
