9k target using elliot wave
Seems to be following an elliot wave pattern rather well up to now. If we can confirm the bottom at B to be 8600 then the next wave C will likely take us to around 9k again. The halving is 11 days away it will be interesting to see how bitcoin reacts, the previous halving bitcoin took a large run a couple week prior and in the weeks after took a significant sell off followed by a long period of consolidation before the run up. Different market today, different economic circumstances but hopefully sell pressure from miners will ease and allow the price to rise.
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.