28/9/2022
BTCUSD
The currency’s decline has become valid since trading is the lowest point of the resistance 20346.27, and we may see lower prices in the coming period on Bitcoin and the decline in wave ((iii)) targeting 17600 prices
28/08/2022
Bitcoin against the US dollar is now trading in a corrective framework – a simple zigzag ABC. the wave (A) and the wave (B) ended and the wave (C) is currently forming. It is supposed to target 61.8% retracement of wave ((5)) of the wave III at 11957.86. the critical limit to stay on the bearish scenario is 25207.21.
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Bottom Line: Higher in wave (A) of ((B))
wave ((B)) is underway, currently Bitcoin is developing wave A of it, we expect a sharp move higher in wave ((iii)) of 3 of (A)
03/09/2022
It is still taking a bearish trend to complete the zigzag pattern ABC that completed the two waves (A) and (B), and currently it is descending more to complete the wave (C) that is supposed to target 10384.77 and the critical limit that supports this decline is 48222.96.
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As we mentioned in the monthly range, Bitcoin is correcting in wave IV, The first side of wave IV ended at 17585.31, We expect the price to rally in 3 waves in wave ((B)).
Bitcoin is correcting in wave IV, We expect the price to reach near the prior fourth wave of primary degree.