Technical analysis by Lucique_ about Symbol BTC on 8/22/2024

Instead of having simple ABC correction in 4th wave, Bitcoin is moving to complex one - WXY, We have a Zig-Zag to 50% correction level for 3rd wave. Probable future scenarios: - one more Zig-Zag up to ~65k or even slightly more, and after it final Zig-Zag down to previous levels: ~52k-50k; - final Zig-Zag from current levels down to the same levels ~52k-49k or slightly deeper to previous wave support levels ~45k-42k. After that, Bitcoin will go to final 5th wave of bull cycle. Hold your cash ready for one more deep dive.