As it is clear from the chart, wave 1 has acted as 5, and then wave 2 has returned from 61% of Fibonacci as well as the main resistance of the bitcoin downtrend line.
In addition, the upward channel related to the correction wave has been broken by the 3 wave with power
And with a gentle movement, the price is tangent to the bottom line of this channel again
Given the volume of transactions and the lack of good news for Bitcoin, we think the price will decrease and will go down near the bottom line of the main upward channel.
In addition, the upward channel related to the correction wave has been broken by the 3 wave with power
And with a gentle movement, the price is tangent to the bottom line of this channel again
Given the volume of transactions and the lack of good news for Bitcoin, we think the price will decrease and will go down near the bottom line of the main upward channel.