BTCUSD is consolidating above $63,000, on the long term, a “cup and handle” is forming and is currently moving through the fourth wave of the Elliott wave sequence. Overall, the price is correcting, we predict a strong recovery, where the price is expected to bounce off the double EMA and break through to complete the fifth and final wave of the pattern.
If this scenario plays out as expected, we could see BTCUSD skyrocket to a spectacular target of $100,000 (marked on the chart). Most investors are waiting to buy bitcoin, consolidation above the high $60,000 mark confirms that the market is poised for technical growth.
Personally, I still maintain my opinion and appreciate the uptrend in the near future and any decline will bring opportunities for the bulls.
If this scenario plays out as expected, we could see BTCUSD skyrocket to a spectacular target of $100,000 (marked on the chart). Most investors are waiting to buy bitcoin, consolidation above the high $60,000 mark confirms that the market is poised for technical growth.
Personally, I still maintain my opinion and appreciate the uptrend in the near future and any decline will bring opportunities for the bulls.
Trade active
Trade active
Join my free signals group 🚀:
t.me/+16ffd-vaSQI5ZmFl
High quality signal 📈
Let's make profits together 💰
t.me/+16ffd-vaSQI5ZmFl
High quality signal 📈
Let's make profits together 💰
