This is my analysis regarding bitcoin bear market with the use of chart patterns moving averages divergences & Elliot waves
I can clearly see 2 major chart patterns formed and broken
Rising wedge and head and shoulder
Their is bearish divergence in weekly and monthly chart
Wave count is also as per fib levels
This is correction will also be in align with sub millanium wave count wave 4 which shall end by 2023 March and is also in correspondence with halving cycle which shall take place in 2024
I can clearly see 2 major chart patterns formed and broken
Rising wedge and head and shoulder
Their is bearish divergence in weekly and monthly chart
Wave count is also as per fib levels
This is correction will also be in align with sub millanium wave count wave 4 which shall end by 2023 March and is also in correspondence with halving cycle which shall take place in 2024
