"Below is an Elliott Wave analysis of $BINANCE:BTCUSD. Based on the analysis, I believe that a bullish 5-wave pattern was completed in January 2025, and Bitcoin is now experiencing a bearish movement.
P.S.:
Red zones indicate resistance areas.
Green zones represent support areas.
Orange zones correspond to Fibonacci targets at 23.6%, 38.2%, 50%, 61.8%, and 78.6%."
P.S.:
Red zones indicate resistance areas.
Green zones represent support areas.
Orange zones correspond to Fibonacci targets at 23.6%, 38.2%, 50%, 61.8%, and 78.6%."
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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.