In a daily timeframe, it is still hovering around the golden zone(0.618-0.65 fib retracement lvl), wave 4 is still valid based on elliott wave.
We can see wave 3 has reach 1.618 fib extension, so we can assume wave 5 can reach 2.618 fib extension(64000-65000sats). My previous target which is around 50000sats. 50000sats is more of a conservative target and this is CRYPTO so anything is possible.
Also, we can see it bounces off from 22000sats as this is a strong support that previously was a strong resistance for wave 1 to break thru, however, I wouldn't surprise if it goes to 18000-20000sats(0.786 fib retracement lvl) as we have recently got rejected by the 55EMA. So don't freak out if it goes to that price because we know in a bigger picture GVT is still in an uptrend.
We can see wave 3 has reach 1.618 fib extension, so we can assume wave 5 can reach 2.618 fib extension(64000-65000sats). My previous target which is around 50000sats. 50000sats is more of a conservative target and this is CRYPTO so anything is possible.
Also, we can see it bounces off from 22000sats as this is a strong support that previously was a strong resistance for wave 1 to break thru, however, I wouldn't surprise if it goes to 18000-20000sats(0.786 fib retracement lvl) as we have recently got rejected by the 55EMA. So don't freak out if it goes to that price because we know in a bigger picture GVT is still in an uptrend.