A possible bottom could be in for BTC. It could still go lower somewhere in 2023 but I would expect a multi-month 5-wave to take the price higher first. Also we have a massive multi-week bullish divergence on the RSI.
If it did a 5-wave up then come back lower it would = ABC + X + ABC = WXY. (I'll post an example below).
Remember this is a weekly chart so we could have some shorter timeframe stabs lower but I expect the weekly chart to hold this .786 area.
If it did a 5-wave up then come back lower it would = ABC + X + ABC = WXY. (I'll post an example below).
Remember this is a weekly chart so we could have some shorter timeframe stabs lower but I expect the weekly chart to hold this .786 area.
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