Textbook ElliottWave applied for Bitcoin
As seen on the chart, the downtrend structure is not likely to be completed yet. At least 1 more wave down to (hopefully) ~ 3k5.
And keep in mind that even 3k5 is the mostly scenario, it's still the best scenario for Bitcoin bull. since this structure can even send Bitcoin to 2k4 or even 1k7.
But I root for 3k5 because of the incredibly strong volumes in the last couple of months, the interest seems to get back to the crypto market and we all know how FOMO-ing the crypto-ers are.
With that said, ~3k5 might be the lowest price we see Bitcoin in years to come.
And keep in mind that even 3k5 is the mostly scenario, it's still the best scenario for Bitcoin bull. since this structure can even send Bitcoin to 2k4 or even 1k7.
But I root for 3k5 because of the incredibly strong volumes in the last couple of months, the interest seems to get back to the crypto market and we all know how FOMO-ing the crypto-ers are.
With that said, ~3k5 might be the lowest price we see Bitcoin in years to come.
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