Bitcoin at the beginning of wave 5?!

26 thg 2, 2024

According to the chart, it seems that Bitcoin has completed corrective wave 4. Also, according to the chart, it has made a five-wave upward, which seems to be the first wave of the new upward trend of this currency. And after that, we see a clear ABC flat corrective pattern that hit the support area of the Fibonacci levels and reacted well. With these explanations, I expect the price to rise to at least the 53,500 range, which is where the 127% level of the external Fibonacci of wave 4 is located, which is also likely to rise to higher areas according to the market conditions.