Bitcoin seems to have changed over time (having cycles). Due to the fractal peak price last year.
It can be expected that Bitcoin will have a rapid momentum until the end of 2021 after the reform, and will maintain an upward trend from the beginning of 2022 to the first two or three months with erosive fluctuations, and after this time will enter a deep correction phase according to Be four-year cycles.
It can be expected that Bitcoin will have a rapid momentum until the end of 2021 after the reform, and will maintain an upward trend from the beginning of 2022 to the first two or three months with erosive fluctuations, and after this time will enter a deep correction phase according to Be four-year cycles.
Comment:
The price came below point b. The Elliott triangle is not valid
I still believe in the Elliott triangle pattern. This pattern is valid until point d falls below point b. And we expect growth up to 70,000.
After that target, we see correction. If the blue trend and the horizontal support range can bring the price back, we will see the growth of the next impulse. Otherwise, going below 58. will bring the price to lower levels.