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BTC/USD Elliott Wave Analysis - Impulse Wave Expected After Corr
Analyzing the 2-hour chart of BTC/USD, we observe a completed ABC correction. Wave A was characterized by a sharp decline, followed by a consolidation phase in Wave B. Wave C completed the correction, signaling the potential start of a new impulse wave.
We expect BTC to move upwards from the current level around 63,957, aiming for a target near 66,400, as indicated by the blue dotted line. This projection aligns with typical Elliott Wave Theory patterns where an impulse wave follows a corrective phase.
We expect BTC to move upwards from the current level around 63,957, aiming for a target near 66,400, as indicated by the blue dotted line. This projection aligns with typical Elliott Wave Theory patterns where an impulse wave follows a corrective phase.
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