Elliott waves analysis

The situation continues to develop according to the previously outlined plan. After completing the upward impulsive growth, the price began to decline. A downward impulse formed, which smoothly transitioned into a horizontal correction. The market performed a deceptive move, showing an intention t

Bitcoin continues to test the patience of those actively buying and waiting for growth. Each day the price hints at an upward breakout, but enthusiasm quickly fades, and buyers’ efforts are neutralized as the price dips again. However, significant declines are also prevented, as the price is quick

Over the last trading day, there were no significant changes in the situation. The asset's price is tending to rise. Buyers, after breaking through the local high, are gradually consolidating at new price levels while preparing for the next upward impulse. As previously noted, this growth is inter