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Saif On Chain
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BullishBitcoin has completed its fifth wave and has already started forming a three-wave downward ABC.
Currently, we expect a corrective rise from this area before continuing the drop towards the $60,000 area for wave C.
❗️This bearish scenario completely fails if a 3-day candle closes above the time trend line, which could support the continuation of the upward trend towards $100,000.
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare $BTC
Currently, we expect a corrective rise from this area before continuing the drop towards the $60,000 area for wave C.
❗️This bearish scenario completely fails if a 3-day candle closes above the time trend line, which could support the continuation of the upward trend towards $100,000.
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare $BTC
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.