Will we see $ 30,000 bitcoin?
Will we have more Correction in Bitcoin?
In the weekly timeframe, an Elliott correction wave in the form of a zigzag ABC is quite evident.
If this correction wave is to be completed, it will see the price of 30,000 again.
To complete this ABC correction wave, a downward wave of impulse is needed. Considering the fundamental conditions, this issue is not far from the mind.
The price will probably test the 60,000 range again and then fall sharply to 47,000.
Then the price correction wave will go down to about 30,000 or a little higher
I think then we will have the main wave of rising prices.
All this is provided that the price can not break the resistance of 60,000 and 70000 with strength.
Supports of 53,000, 47,000, 42,000, 39,500, 37,400 and 30,000 are very critical.
In the weekly timeframe, an Elliott correction wave in the form of a zigzag ABC is quite evident.
If this correction wave is to be completed, it will see the price of 30,000 again.
To complete this ABC correction wave, a downward wave of impulse is needed. Considering the fundamental conditions, this issue is not far from the mind.
The price will probably test the 60,000 range again and then fall sharply to 47,000.
Then the price correction wave will go down to about 30,000 or a little higher
I think then we will have the main wave of rising prices.
All this is provided that the price can not break the resistance of 60,000 and 70000 with strength.
Supports of 53,000, 47,000, 42,000, 39,500, 37,400 and 30,000 are very critical.