Update... 2/25/2025
As projected, Wave (e) has technically been completed.
Does this mean the correction is over? The answer is no, for the following reasons:
If the rebound holds, we can say the current 5-wave decline structure is complete. However, there's a possibility that the structure could evolve into a 7-wave formation. In this case, we need to watch for Wave (f), which could conclude at the $93,200 level (f = 61.8% a) or the $96,67x level (f=a).
Let's see how it plays out!
Cheers!
BTC #BTCUSD #Bitcoin #BTC
As projected, Wave (e) has technically been completed.
Does this mean the correction is over? The answer is no, for the following reasons:
If the rebound holds, we can say the current 5-wave decline structure is complete. However, there's a possibility that the structure could evolve into a 7-wave formation. In this case, we need to watch for Wave (f), which could conclude at the $93,200 level (f = 61.8% a) or the $96,67x level (f=a).
Let's see how it plays out!
Cheers!
BTC #BTCUSD #Bitcoin #BTC
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