Bitcoin trades at $95,654 (-1.68%), continuing to work off overbought readings and consolidating the gains that followed its post-election rally to the $99,800 high.
Once the current period of consolidation is complete, which may include another leg lower towards $90,000 (Wave c of iv as viewed on the chart below), we expect the uptrend to resume, leading to a break of $100k.
Once the current period of consolidation is complete, which may include another leg lower towards $90,000 (Wave c of iv as viewed on the chart below), we expect the uptrend to resume, leading to a break of $100k.
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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.