Technical analysis by vmoradian6 about Symbol BTC: Buy recommendation (4/16/2024)

Hello friends. As I said before, 52k is the first target of Bitcoin, after that 33k will be the next target. Examining the Elliott Waves shows that the price can be restored from one of these two ranges. Given that we are now in the 4th wave of the Elliott Waves and the fourth wave of the Elliott Waves usually corrects the third wave by 38.2 to 61.8%, so Bitcoin's chance It is too low to break the 53K resistance. But if this zone breaks, the next target will definitely be 33K