We talked about Bitcoin on December 16 of 2024, when we mentioned and highlighted an upcoming three-wave correction in wave 4 within ongoing five-wave bullish impulse for a higher degree wave V. CLICK HERE
As you can see today on January 13 of 2025, Bitcoin is in a projected deeper correction, where we are tracking a three-wave A-B-C drop in wave 4 which can look for the support at 90k-85k area, from where we will expect a new resumption higher within wave 5 of V. After we recently spotted a corrective rally within wave (B), we can now see another sell-off for wave (C) that can drop the price down to 87k support area, where we see an important 38,2% Fibonacci retracment and equal wave length of wave (A)=(C).
(Click on image to enlarge)
BTCUSD 4H Chart
For a detailed view and more analysis like this, you may want to join our live webinar today on January 13 2025 @ 15.00CET:
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