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Technical analysis by MonkeyPhone about Symbol BTC: Sell recommendation (5/2/2025)

https://sahmeto.com/message/3472158
MonkeyPhone
MonkeyPhone
Rank: 6604
1.6
Sell،Technical،MonkeyPhone

Bitcoin has had quite the run up since 2023 and is currently in an ABC corrective pattern after a 5 wave impulse. The January high was the starting point. The April low was A. Now is the top of B which happens to be 0.618 retracement of the A wave. What follows is a down move for C which should end somewhere between 63k and 53.5k. This will make a bottom and will stay in accumulation until late 2027 early 2028 before shooting to the upside in anticipation of the next halving.

Translated from: English
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Signal Type: Sell
Time Frame:
3 روز
Price at Publish Time:
$96,958.92
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