There are two potential options for Bitcoin price.
1) Price will complete ABC correction as we have A-B in place already.
The wave C could retest the valley of wave A at
49K
2) Large red second leg down could complete a bigger correction.
It could retest the bottom of leg 1 around $15k.
Only below49K we can see what structure is unfolding.
What are your thoughts why such a huge collapse is possible?
Media says miners start switching to AI investments to drop cryptos.
Please share your thoughts down below
1) Price will complete ABC correction as we have A-B in place already.
The wave C could retest the valley of wave A at
49K2) Large red second leg down could complete a bigger correction.
It could retest the bottom of leg 1 around $15k.
Only below
49K we can see what structure is unfolding.What are your thoughts why such a huge collapse is possible?
Media says miners start switching to AI investments to drop cryptos.
Please share your thoughts down below
Related publications
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.
Related publications
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.