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Bitcoin Eyes Towards $40-47K Resistance

Published 07/30/2021, 07:36 AM
Updated 07/09/2023, 06:31 AM

Bitcoin, BTC/USD is making strong and impulsive intraday recovery, which we now ideally see it as part of an A-B-C flat correction within higher degree wave B, where wave C should be completed by a five-wave cycle. So, keep an eye on the projected $40k - $47k resistance area, where bears for higher degree wave C may show up again.

Bitcoin 4h Elliott Wave Analysis Chart 
Bitcoin Elliott Wave

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