Bitcoin BTC Is Preparing Last Drop To $89k Before The Rally!
2024-12-26
Category: None

Merry Christmas, Skyrexians!

Today  BINANCE:BTCUSDT  started moving again and this move is downward. That's why it causes a lot of emotions. But we warned you in our last analysis that Bitcoin will reach  GETTEX:89K  at least before the bull run continuation. Today we will take a look in details how this dump can be finished soon. 

Let's take a look at the 1 hour timeframe. When Bitcoin has recently reached the top our new  Multilayer Acceleration/Deceleration Strategy   closed all long trades and the dump was without any actions. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our  article on TradingView .

After that we have seen the wave A which consists of 5 waves. The next bounce was the wave B zigzag shaped. Today price dropped suddenly and hard, this is the sign that wave C is already in progress. Soon we will see the final target at $89k. From there we can expect the bullish continuation above $120k. 

Best regards,
Skyrexio Team

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