According to Elliott Wave Theory, bitcoin is in an "irregular flat" correction, the C-wave of which is being completed.
In terms of price action, however, we have a significant support in the $ 40,000 area, the loss of which is the activation of the head-shoulder pattern trigger. This model has the potential to drop in price to $ 29,000.
In terms of price action, however, we have a significant support in the $ 40,000 area, the loss of which is the activation of the head-shoulder pattern trigger. This model has the potential to drop in price to $ 29,000.
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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.