Bitcoin is now trading at $43K which is an important support for BTC to bounce back up. I expect it to make a bounce up to $52 - 53K so after rejection at this level the right shoulder of a clear head and shoulders pattern will be formed and then after losing $47K and $43K key support levels the H&S will play out and dump the price to $25K which will make the "e" (or "c" in another view) wave of the broadening channel based on Elliott's wave count. In the next phase I expect the price to recover very fast up to $47K from the dip and after a consolidation under the resistance at $52K for a couple of weeks it breaks out of the resistance and the bull-run continues to new all-time highs.
This analysis will be updated. Thanks for your attention
This analysis will be updated. Thanks for your attention
