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
Disclaimer
All wave counts, analyses, and forecasts presented on this website are produced by NEoWave Chart and operate independently of NEoWave, Inc and www.NEoWave.com.
Our content is strictly based on the NEoWave methodology developed by Glenn Neely, adhering to his innovative techniques and principles.
