After recent price surge to new ATH's, a correction is in place. After 5 waves ABC correction usually occurs, where wave C extends usually to 1.618 of wave A. Current B wave looks to create a lower high which indicates lower prices. This correction would put the price around 54k and just in time for the halving event.
Happy trading
Happy trading
Note
It beginsNote
Price is moving beautifully towards target. Price action looks stronger than anticipated so 54k might not be the goal. I move my target higher up to 59k
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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.