Bitcoin has long been moving on a four-hour uptrend channel. The last time it hit the bottom of the channel, the price of bitcoin was around $ 40,000. After hitting the bottom of the canal and several times a small sequence in the four-hour channel, it moved with a large and voluminous candlestick and cut the 50-day moving average and then pulverized on it and...
Bitcoin is collecting fuel for the main explosion. According to the first semicircle, in the daily ascending channel, after hitting the bottom of this channel and completing the second semicircle, Bitcoin will reach the new target at 73,000 and then reach 90,000 dollars! If you like, please!
When will the Bitcoin downturn end?
After a daily ascending channel as shown in the figure, we have now entered a daily descending channel, which can be short-lived if we cross the channel ceiling with great force. Considering the reaction to the canal center line as well as the resistance level in the range of $ 41,000 to $ 43,000 and most importantly the central...
A comparison of Elliott Waves in the last two periods of the Bitcoin technical chart shows that the uptrend in this market is over and we will see a volatile market for at least a year from now.