BitcoinLong
BTC Harmonic Elliott Wave and Hurst Cyclic Analysis
In our previous update, published on November 30th, we anticipated the completion of wave IV of A of (5) retracement on BTC, which was aligned with a 20-week (20W) cycle trough expected in the third week of December.
Now, the wave IV retracement has been completed and the 20-week (20W) cycle trough has been confirmed. As previously mentioned, the next major trough is the 40-week (40W) cycle, projected for May 1st, 2025. In the short term, we expect BTC to push higher to complete wave V, followed by a bearish phase in March and April. A potential target for the peak is 121,500.
Now, the wave IV retracement has been completed and the 20-week (20W) cycle trough has been confirmed. As previously mentioned, the next major trough is the 40-week (40W) cycle, projected for May 1st, 2025. In the short term, we expect BTC to push higher to complete wave V, followed by a bearish phase in March and April. A potential target for the peak is 121,500.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.