Bitcoin Medium Term Outlook
BTC has completed the A Wave of the ABC correction. We're currently in Wave 5 of a leading diagonal for Wave B. Expected targets for B are at the 50% - 61.8% fib retracement levels between 47K and 52K.
C has the possibility of reaching 14K, although, this is highly unlikely since 28K has proven to be critical support 5 times.
Outlook is short-term bullish, medium-term bearish, long-term bullish.
C has the possibility of reaching 14K, although, this is highly unlikely since 28K has proven to be critical support 5 times.
Outlook is short-term bullish, medium-term bearish, long-term bullish.
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