Elliott waves analysis

The market has fully worked out the previously formed signal from the initial diagonal triangle, which is considered as wave a in a simple zigzag. Buyers resisted for quite some time, trying their best to push the price as high as possible. However, they lacked the strength to update the high. As

Bitcoin remains within corrective wave [iv], but currently buyers are preparing for a decisive breakout aimed at establishing another historical high. This upward movement will lead to the development of wave [v] in the forming extension within impulse wave 3. A good entry point for buy trades has

The situation remains stable — no significant changes in the рассматриваемый instrument are observed yet. Volatility remains low, and the price continues to move sluggishly and unexpressively. However, such calm cannot last forever. Sooner or later, one of the sides will take initiative, and the m