Let's analyze the price movement of BTC and analyze further expectations!
The price moves within the and has reached its upper border. The corrective movement within the wave has not been completed yet. And until the price breaks through the level of 11740 above and below the level of 11134, all this movement can be considered as part of the correction in the wave. If the level of 11134 is broken, the upward scenario will be localized. But not a cancellation of the medium-term, since the new cycle of price movement, which began on October 8, is ascending. Breaking through the level of 11740 it will be possible to consider the movement in the correctional wave completed. In the meantime, the price is flat in the form of a saw within the wave. The gap on the exchange is closed.
Why is no downward movement expected to the lower border of the channel?
Since now we see a correctional movement in the wave.
In terms of the time period, an upward movement is expected and 2019 high is expected. by the end of October 2020.
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