About Bitcoin
After Bitcoin ETFs were approved by the SEC, the price of Bitcoin rose almost 60% to $73,777. The market thought that the price of Bitcoin would go to $100,000 without correction, but contrary to the market’s expectation, the price of Bitcoin began to correct, and it has been almost 6 months that Bitcoin has been forming a correction pattern, and until today, it has had a 24% price correction.
Bitcoin Forecast by NEoWave(Update)
Previous Bitcoin analysis confirmed
Bitcoin has broken the B_D trend line of the Running Neutral Triangle with strength and is currently trading at $98,000.
Bitcoin price has grown by 86% since the analysis was uploaded and currently has an important resistance of $100,000-110,000 in its path.
– If Bitcoin price breaks the mentioned resistance area with strength, the price can reach the $140,000-150,000 range and touch $300,000 in the long term.
– If Bitcoin price fails to break $110,000, we can expect a correction to $86,000, but our long-term scenario will still be valid.
This scenario will be violated when Bitcoin price breaks the B-D trend line and returns below $72,000.
Good luck
NEoWaveChart
