Bitcoin (BTC) may be at the edge of a significant market movement as encryption analysts warn about failure. Reach the highest level In the next few weeks, sharp modifications may occur. Long -term strong feelings are still strong, but BTC maintains upward momentum Damaged frustration It can derail or stop the current rally.
Bitcoin faces a 50% conflict threat.
There is a prominent password analyst Tony severino publication A clear warning to Bitcoin investors for social media. If he does not break the new all -time high, he will soon Large price conflict-Enterestly delete 50% or more of the current value of the BTC.
In his sharing Elliott Wave Chart AnalysisSeverino emphasizes the current location of Bitcoin, which appears to be an extended flat correction. According to the structure, Bitcoin can generally be close to the end of waves B prior to the steep drop in wave C.
SEverino’s analysis draws similarities between BTC’s current price behavior and 2021-2022 expanded flat correction, defining the first wave 4 of 2021-2022. At that time, Bitcoin reached the peak in Wave B before cascades with wave C Cruel bear market.
Similar patterns are developed in the current chart structure of BTC. The chart has a recent surge in cryptocurrency prices, which can form a deception of deception, which can soon be reversed to a wave C conflict aimed at an area of less than $ 60,000. A decrease in this level appears 50% Drawdown It is close to $ 118,000 at the current level.
In particular, the warning of Severi No is not a weak belief, but comes from careful optimism. While he maintains strong Strongest long -term outlook And I still think there is A in Bitcoin. FINAL WAVE 5 Rally aheadThe analyst emphasizes the need to invalidate the expanded plane scenario by invading the new ATH.
If the mayor does not deliver this rising movement, the corrective structure can dominate and delay the next impulse leg. Potential conflicts can also seriously interfere with Altcoin season expected for a long timeExercise of a wider password market.
The analyst sets the next ATH goal of Bitcoin.
Bitcoin Price surge of $ 123,000 or more. The current price has returned to more than $ 118,000, but market experts have been identified as X’s ‘Crypto’. prediction Flagship Cryptocurrency is the highest ever.
The encryption professor set up Bitcoin’s Daum ATH target $ 129,948 matches the 1.618 Fibonacci extension level. BTC is currently trading for $ 118,612, which is 9.6%of the price. In particular, the chart of the analyst shows the previous integration zones around the $ 110,000 and $ 100,000 regions that match the level of Fibonacci rebsREMENT of 1 and 0.786. This level now acts as a potential support area when re -testing.
Pixabay’s main image, TradingView.com chart
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