9k target using elliot wave

1 мая 2020 г.

Seems to be following an elliot wave pattern rather well up to now. If we can confirm the bottom at B to be 8600 then the next wave C will likely take us to around 9k again. The halving is 11 days away it will be interesting to see how bitcoin reacts, the previous halving bitcoin took a large run a couple week prior and in the weeks after took a significant sell off followed by a long period of consolidation before the run up. Different market today, different economic circumstances but hopefully sell pressure from miners will ease and allow the price to rise.