BTC/USDT 4H BULLISH
The chart depicts a BTC/USDT (Bitcoin/USDT) 4-hour analysis using Elliott Wave Theory, showing a completed 5-wave impulse followed by an ABC correction and a new impulse wave forming. The current price is around 68,020.3 USDT, and wave 4 appears to be forming a triangle pattern, indicating a consolidation before a potential bullish wave 5. Fibonacci retracement and extension levels are used to project possible target zones for wave 5, ranging from 78,623.6 to 94,889.7 USDT, suggesting a bullish outlook once wave 4 completes.
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.