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BTC/USD: Weekly Overview

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
This it's just my idea, but now, we have 4 weeks bearish in the Bitcoin price, I don't considered that this will be bearish , just could to forming a possible new cycle to this bull run on Bitcoin price. This it's an elliot wave cycle and we could to look that we end the past Elliot Wave Cycle since May 2020 when Bitcoin was worth around of $4,300 USD per coin and this cycle extend the Bitcoin price until near of $64,000 USD per coin on May 2021. Then, we had this correction on May 2021 when Bitcoin crash from $64k to $30k. And now, we end this Elliot Wave retracement ABC . So, right now, Bitcoin could to repeat this same pattern starting from $30,000 USD and we could to look that we could to entry in the new elliot wave cycle. So, right now, we can to be ending in the phase #2. So, if we look for far away, Bitcoin it's considered bullish by long term. But if you want to look for short term.

So guys, if you like this idea, please hand up, share this information with others crypto-enthusiastic.