The price is currently in the process of completing Wave 5.
After finishing the first four waves, Bitcoin is now advancing towards completing Wave 5, targeting around $77,000. From that point, upon confirmation of a positive (bullish) divergence on the MACD indicator, we could see an initial corrective rally up to $102,000 (representing approximately 50% retracement of the previous wave). The situation would then need to be re-evaluated from there.
If this rally materializes, it would present a favorable opportunity for selling (taking profits or shorting). In the long term, the price outlook remains bearish or range-bound.
BTC
95,321.59
-0.22%
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