We should have a pullback to around 52k during this month and then we should have more than enough fuel to rally up to around 85-90k.
This is speculation of course and is not set in stone but this is also based on using a lot of tools to find the next market move based on historical price action.
On the flip side of we do not go to 52k and we manage to make a new ATH on the daily chart then the rally will likely continue upwards from there.
Once we hit these levels the chances of a massive correction in the market are very very likely. The market in bitcoin really enjoys retracing by at least 50% so basically half of the last impulse of the whole Elliot wave theory.
Also guys you got to understand that this simply isn’t just lines on a chart. These lines are calculated using technical indicators and combining it with knowledge of trading psychology and market structure.
This is speculation of course and is not set in stone but this is also based on using a lot of tools to find the next market move based on historical price action.
On the flip side of we do not go to 52k and we manage to make a new ATH on the daily chart then the rally will likely continue upwards from there.
Once we hit these levels the chances of a massive correction in the market are very very likely. The market in bitcoin really enjoys retracing by at least 50% so basically half of the last impulse of the whole Elliot wave theory.
Also guys you got to understand that this simply isn’t just lines on a chart. These lines are calculated using technical indicators and combining it with knowledge of trading psychology and market structure.