Bitcoin continued to gain yesterday. In our alternative scenario, we expect a direct break above the resistance at $73,808. However, in our primary outlook, we anticipate a further downward move. Ideally, the orange wave iv should reach its low near the 50% retracement level, around $47,000.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.