Bitcoin BTC Has Almost Finished Correction: Huge Gains Ahead!
2024-12-22
Category: None

Hello, Skyrexians!

We hope you made a right decision when received the warning sign by our  Bullish/Bearish Reversal Bar Indicator   from our previous  Bitcoin analysis . Now we see that this correction is happening right now and there is some space to go down more but not that much as you may be think.

Let's take a look at the daily  BINANCE:BTCUSDT  chart. We can see that our indicator has printed the red dot at the top of the wave 3. After that this dump has been started. This is wave 4 and it has the clear target between 0.38 and 0.5 Fibonacci levels. Therefore we can conclude that max target which price can reach before the reversal is 84k, but it's more likely the reversal will happen earlier, at $89k. 

When correction will be finished we can expect the wave 5 with the optimistic targets between $120k and $140k. Here is nothing change from the last analysis. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our  article on TradingView .

Best regards,
Skyrexio Team

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