Summary: Btc is inside Wave 4. has the opportunity to form an Irregular Correction before continue strengthening to the resistance target. Momentum indicators are pointing downward in neutral area
Momentum: The momentum indicator is pointing down in the neutral area, indicating that Bitcoin has the potential to weaken temporarily to form Wave 4 before strengthening to the target resistance area.
Pattern: Btc is yet to form an Irregular Correction inside Wave 4.
Price: Btc has the potential to meet target resistance at 125,000.
Time: Btc has the potential to reverse direction on February 28, 2025, and March 14, 2025.
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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.