BTC Short Term Update: At or Near it Low…
Bitcoin / TetherUS BINANCE:BTCUSDT
The price chart of BTC from the high of 48189.84 appears to have taken the shape of a flat pattern. A flat pattern typically unfolded as three wave in (a), three wave in (b) and a five wave sequence in (c).
If the pattern is complete we should begin to break out of the Elliott wave fifth wave projection channel which will suggest a new uptrend typically up to 52K or 60K area or beyond is underway.
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