After recent price surge to new ATH's, a correction is in place. After 5 waves ABC correction usually occurs, where wave C extends usually to 1.618 of wave A. Current B wave looks to create a lower high which indicates lower prices. This correction would put the price around 54k and just in time for the halving event.
Happy trading
Happy trading
Comment:
It begins
Comment:
Price is moving beautifully towards target. Price action looks stronger than anticipated so 54k might not be the goal. I move my target higher up to 59k