According to Elliott Wave Theory, bitcoin is in an "irregular flat" correction, the C-wave of which is being completed.
In terms of price action, however, we have a significant support in the $ 40,000 area, the loss of which is the activation of the head-shoulder pattern trigger. This model has the potential to drop in price to $ 29,000.
In terms of price action, however, we have a significant support in the $ 40,000 area, the loss of which is the activation of the head-shoulder pattern trigger. This model has the potential to drop in price to $ 29,000.