ðĨ Bitcoin On Fire After FOMC: Bottom Is In!
Recently I've been talking a lot about Bitcoin and my expectation it's following some kind of Elliot Wave pattern since January. In my most recent analysis I said that I expected the 4th wave to bottom between $26,5k - $25k. BTC bottomed around $26,6k, close enough!
In my eyes, the bottom is in and we're likely going to continue our way up. Remember that the day after the FOMC meeting is generally the day of the "real" reaction to the meeting, as opposed to the immediate reaction after the new interest rates get announced.
In the short-term, I'm looking at $28,5k and $29k as my targets. In the longer-term, there's an argument to be made that we can reach well over $35k, as per my Elliot Wave analysis above.
In my eyes, the bottom is in and we're likely going to continue our way up. Remember that the day after the FOMC meeting is generally the day of the "real" reaction to the meeting, as opposed to the immediate reaction after the new interest rates get announced.
In the short-term, I'm looking at $28,5k and $29k as my targets. In the longer-term, there's an argument to be made that we can reach well over $35k, as per my Elliot Wave analysis above.
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Target 1 hit
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