Three days before Bitcoin halving the key downward trendline has been broken. What is more the price has reached 10 000 USD and the way to the next possible resistance is still open (10 404).
However, if the mentioned high is broken, the market could quickly move to the next top of 13 809. From Elliott wave perspective the current wave may be labeled as wave 3. It could be the strongest one with more extended potential target at 161,8 Fibo expansion near 21 000 USD (above ATH). ________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
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