Recent rebound from 57k suggests that BTC now is in a long correction. I think, on the enge of 2024 and 2025 growth cycle will finish. Completely or just for another big correction. ETH also implies that. The whole growth in green wave 5 is not impulse, but combination of threes.
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BTC is moving towards its long term high and now, according to my analysis, is forming small wave 4 before breaking 100k for not al ong time.
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Wave 4 can be either flat or a triangle
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The whole movement, which started in the end of 2022 is about to finish
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Current expectations
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The correction turned out to be bigger. But it is finished.
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I've changed the counting. Now I expect the price movement to be like this:
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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.