BTCUSDT After this strong bearish movement, we can clearly see that BTC is in a downtrend. Based on Elliott waves, BTC is currently in the five-wave retracement. But what’s next? Will BTC rally to 50-40, or will it regain strength after this bearish move? In my opinion, after completing the five-wave pattern, it might enter a long-term corrective phase.
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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.