BTC looks to have completed its ABC correction for Wave 2 in the short-term impulse wave. The correction landed perfectly on the 0.618 Fibonacci retracement level, a textbook setup for an ABC pattern. With this, BTC is now entering Wave 3, which historically offers the strongest price movements.
In the immediate term, BTC is poised to break through Waves 1 and 2 of 3 quickly. But the real fireworks will likely come when we hit Wave 3 of 3, which could push BTC up to as high as $68k—a target that’s been on the cards for some time. If we manage to break through the upper trendline during Waves 4 and 5 of the higher degree trend, BTC could be set for new all-time highs within the next few weeks.
With all eyes on this setup, it feels like November 5th could be a pivotal moment for BTC. Let’s see how the market unfolds, but it’s looking very bullish!
In the immediate term, BTC is poised to break through Waves 1 and 2 of 3 quickly. But the real fireworks will likely come when we hit Wave 3 of 3, which could push BTC up to as high as $68k—a target that’s been on the cards for some time. If we manage to break through the upper trendline during Waves 4 and 5 of the higher degree trend, BTC could be set for new all-time highs within the next few weeks.
With all eyes on this setup, it feels like November 5th could be a pivotal moment for BTC. Let’s see how the market unfolds, but it’s looking very bullish!
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.