That could be it for the bitcoin. The emotion in the bitcoin market is very high, especially in the bearish phases. Let's not let that get in our way and look at the technical factors of bitcoin - more specifically, the Elliott waves.
According to my calculations, we are in an uptrend, at least for a short time. Bitcoin has approached the area of the wave (iii), the 1.618 extension and is currently building a clean 5divider. When bitcoin crossed 18060, I could hardly believe it.
Right now we are in the (iv) of the i, so it will go up a bit before the next correction. We will probably reach the 300% extension at 19863 before correcting again.
Are you invested in bitcoin? When do you think bitcoin will go up again?
According to my calculations, we are in an uptrend, at least for a short time. Bitcoin has approached the area of the wave (iii), the 1.618 extension and is currently building a clean 5divider. When bitcoin crossed 18060, I could hardly believe it.
Right now we are in the (iv) of the i, so it will go up a bit before the next correction. We will probably reach the 300% extension at 19863 before correcting again.
Are you invested in bitcoin? When do you think bitcoin will go up again?