Bitcoin has been on a long and arduous downward journey for some time already. Now the price has fallen short of the $39672 mark, where it has again affirmed the downward trend. Thus, we dub Bitcoin’s wave (iv) in blue finished and expect the price to go even lower from here. We indeed see it travelling to the $30000 region.
Still, there remains a small 20% chance that the price could defy our prognosis and decide to not be ready to end wave (iv) in blue yet. Then, it could rise back up and above its previous high: the $68958 mark.
Still, there remains a small 20% chance that the price could defy our prognosis and decide to not be ready to end wave (iv) in blue yet. Then, it could rise back up and above its previous high: the $68958 mark.
