Technical analysis by Bolfooz about Symbol BTC: Sell recommendation (3/29/2024)

We’ve experienced five impulsive waves since August 2023. After reaching a new ATH, the price underwent a regression to below 71k. According to Elliott Wave theory, we are currently in a corrective phase, denoted as ABC, and have just completed the A wave, entering the B wave. The next wave, C, is the last one, targeting prices around 52k. If the current price manages to break through the tough 72k barrier, then the C corrective wave will not occur