Bitcoin is now trading at $43K which is an important support for BTC to bounce back up. I expect it to make a bounce up to $52 - 53K so after rejection at this level the right shoulder of a clear head and shoulders pattern will be formed and then after losing $47K and $43K key support levels the H&S will play out and dump the price to 
25K which will make the "e" (or "c" in another view) wave of the broadening channel based on Elliott's wave count. In the next phase I expect the price to recover very fast up to $47K from the dip and after a consolidation under the resistance at 
52K for a couple of weeks it breaks out of the resistance and the bull-run continues to new all-time highs.
This analysis will be updated. Thanks for your attention
25K which will make the "e" (or "c" in another view) wave of the broadening channel based on Elliott's wave count. In the next phase I expect the price to recover very fast up to $47K from the dip and after a consolidation under the resistance at 52K for a couple of weeks it breaks out of the resistance and the bull-run continues to new all-time highs.This analysis will be updated. Thanks for your attention
Analyses are NOT financial advice; DYOR
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Analyses are NOT financial advice; DYOR
Related publications
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.