From TradingView · · 30s
Bitcoin Correction Toward $75,000
Bitcoin may drop to $75,000 as it completes a corrective decline from its recent high.
In brief
Bitcoin may drop to $75,000 as it completes a corrective decline from its recent high. Bitcoin is expected to fall toward $75,000 before resuming a bullish trend. Originally reported by TradingView.
Bitcoin Wave Structure
Bitcoin completed a five-wave bullish impulse from $58,000 to $87,000.
Key Levels for Correction
Current price is ~$82,800 with resistance at $85,000, 87,000 and target at $75,000.
Expected Move
Bitcoin may drop to $75,000 before resuming a larger bullish trend in wave 3.
The main idea
Bitcoin is expected to fall toward $75,000 before resuming a bullish trend.
