#BITCOIN #BTCUSD DAILY CHART ELLIOTT ANALYSIS
Given that the price fell from the 69000 peak in three waves, we are probably currently facing a triangular correction of the price, which can be considered as an X-wave and can be expected to start from the range of 42000 to 44000. Other than that, its targets can be in the range below $ 32,000.
If the price rises above $ 47,200 and stabilizes above it, this wave count will be void.
Given that the price fell from the 69000 peak in three waves, we are probably currently facing a triangular correction of the price, which can be considered as an X-wave and can be expected to start from the range of 42000 to 44000. Other than that, its targets can be in the range below $ 32,000.
If the price rises above $ 47,200 and stabilizes above it, this wave count will be void.
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