$BTC
Bitcoin 📊 Chart Analysis: Two Scenarios from $15,000 to Present
Today, I will explain two possible scenarios for $BTC starting from its $15,000 low.
The first scenario suggests a larger correction, while the second presents a bullish continuation.
1️⃣ Scenario 1: Possibility of a Larger Correction 📉
Based on the impulse wave marked as 1-2-3-4-5, it seems that a complete impulse wave has been formed.
In this case, it is difficult to predict the exact depth of the correction, but a drop toward $78,000 could be possible.
2️⃣ Scenario 2: #Bullish Continuation 📈
In this scenario, the 3-3 wave is still in progress.
The correction is mostly over, and the next wave could push Bitcoin to over $120,000.
Common Conclusion
Both scenarios suggest that the correction may not be fully over yet.
Bitcoin is still experiencing market fluctuations, and the Fear & Greed Index remains in the fear zone.
While additional volatility could occur, a potential upward move is still on the horizon.
Bitcoin 📊 Chart Analysis: Two Scenarios from $15,000 to Present
Today, I will explain two possible scenarios for $BTC starting from its $15,000 low.
The first scenario suggests a larger correction, while the second presents a bullish continuation.
1️⃣ Scenario 1: Possibility of a Larger Correction 📉
Based on the impulse wave marked as 1-2-3-4-5, it seems that a complete impulse wave has been formed.
In this case, it is difficult to predict the exact depth of the correction, but a drop toward $78,000 could be possible.
2️⃣ Scenario 2: #Bullish Continuation 📈
In this scenario, the 3-3 wave is still in progress.
The correction is mostly over, and the next wave could push Bitcoin to over $120,000.
Common Conclusion
Both scenarios suggest that the correction may not be fully over yet.
Bitcoin is still experiencing market fluctuations, and the Fear & Greed Index remains in the fear zone.
While additional volatility could occur, a potential upward move is still on the horizon.