From TradingView · · 40s
BTC/USDT Elliott Wave Corrective Pattern
Bitcoin price shows Elliott Wave A-B-C pattern with target levels for $73k, 74k by December.
In brief
Bitcoin price shows Elliott Wave A-B-C pattern with target levels for $73k, 74k by December. Bitcoin's price is projected to drop to $73,000, 74,000 by December following an Elliott Wave corrective pattern. Originally reported by TradingView.
Elliott Wave Pattern
Bitcoin price shows Elliott Wave Corrective Pattern A-B-C after completing a 5-wave impulse up to ~$88,000.
Key Price Levels
Resistance at $86,000, 88,000; Wave B target $85,000, 86,000; Wave C target $73,000, 74,000.
Price Projection
Price expected to drop to $73,000, 74,000 by December after wave C decline.
The big picture
Bitcoin's price is projected to drop to $73,000, 74,000 by December following an Elliott Wave corrective pattern.
