BTC/USDT
As you can see bitcoin has been making impulsive elliott waves (1,2,3,4,5) but i think impulse 5 is not over yet and it still has room to the 1.618 fib extension level made out of the first wave. If that is the case we can see bitcoin hiting 34k soon with a final impulsive wave 5 before retarcing again with a short correction elliott wave before going up again to form a bigger impulse wave 1 on the macro frame.
If the last high made (32k) was the end of the impulse 5 then we might see a big correction since wave 5 was a bit weak and bearly passed wave 3 high and this correction could go a along to 18k.
Golden cross has also signaled today where the 2 bars has met and that could be a strong signal that the bears had lost the battle and now it is the time for the bulls to take over for a new cycle and eventualy a new ATH in the next couple of years.
If the last high made (32k) was the end of the impulse 5 then we might see a big correction since wave 5 was a bit weak and bearly passed wave 3 high and this correction could go a along to 18k.
Golden cross has also signaled today where the 2 bars has met and that could be a strong signal that the bears had lost the battle and now it is the time for the bulls to take over for a new cycle and eventualy a new ATH in the next couple of years.
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