BITCOIN Position Trade, Long.
Bitcoin's recent support and resistance levels are at 34,000 and 46,000 respectively. According to the wave analysis, Bitcoin finished a large correction, which is the corrective 2nd wave component of the massive (3) wave. Wave (3) has to complete; it will finish past the two all-time-highs set at wave (1) and wave 1, which occurred in April and November of 2021.
Bitcoin will pass 46,000, the market will start to become more bullish and later this year, Bitcoin will reach a substantial all-time-high because of the fact that it is in its wave (3). After wave (3), BTC will experience a sizeable market correction, which will be its later wave (4).
Bitcoin will pass 46,000, the market will start to become more bullish and later this year, Bitcoin will reach a substantial all-time-high because of the fact that it is in its wave (3). After wave (3), BTC will experience a sizeable market correction, which will be its later wave (4).
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