BITCOIN'S POTENTIAL GROWTH WITH HARMONIC BUTTERFLY PATTERN
#Bitcoin, based on the Harmonic Butterfly Pattern, could continue its upward movement to complete wave D.
In the case of a temporary pullback, the lower boundary of the ascending channel and the price range of 104,000–104,500 could act as a support zone, halting the decline and initiating a new upward move.
Breaking the channel downward does not make the trend bearish but increases market complexity in this area, requiring a reevaluation.
Next potential targets for the upward movement are as follows:
Target 1: 108,700–109,600
Target 2: 124,500
Target 3: 115,300–116,200
For now, I don't see Bitcoin moving beyond these levels in the next leg of growth. There’s a high possibility that the market will experience a significant correction after reaching either Target 2 or Target 3.
Wishing you all the best in your trades! 🌟
In the case of a temporary pullback, the lower boundary of the ascending channel and the price range of 104,000–104,500 could act as a support zone, halting the decline and initiating a new upward move.
Breaking the channel downward does not make the trend bearish but increases market complexity in this area, requiring a reevaluation.
Next potential targets for the upward movement are as follows:
Target 1: 108,700–109,600
Target 2: 124,500
Target 3: 115,300–116,200
For now, I don't see Bitcoin moving beyond these levels in the next leg of growth. There’s a high possibility that the market will experience a significant correction after reaching either Target 2 or Target 3.
Wishing you all the best in your trades! 🌟
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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.