Technical analysis by muraatboyraz about Symbol BTC on 1/3/2025

There are many alternatives to the correction for Bitcoin. As new movements occur, it becomes possible to eliminate them. I would like to share a count that I find reasonable. The decline we experienced from 108B to 92B was quite impulsive and fast in time. For this reason, I labeled this movement as the A leg of the Y wave. We are currently dealing with the B of the Y wave. The coil continues its movement in the band formed between the levels of 92B and 99B. After completing the Y-B movement, we need to start the Y-C movement, which is the last leg of the decline. It can be expected that this movement will occur in a similar structure to the Y-A wave. After all this correction pattern, I think the price will go to new peaks for the 5th wave movement.