Mr_elliottt

Bitcoin is getting ready to start a bull run

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
According to the 4H chart, it seems that the price has completed the flat corrective pattern. According to the chart, it also seems that wave 1 was formed from the upward trend and we are currently in wave 2, which is probably forming an "abc" zigzag corrective pattern. Waves "a" and "b" of the zigzag pattern are complete, and for the end of wave "c", I have identified two zones that overlap different Fibonacci levels. One of the zones is around 62000$ and the other is around 60800$. In my opinion, the second zone is a stronger zone for the end of wave c of wave 2 and the beginning of wave 3 of the uptrend. I expect the price to reach a new historical high after this.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.