BTCUSDT: bullish trade with DOW wave?
Dear friends, as predicted by RKarina, the price has escaped from the sideways box pattern and has experienced a significant increase.
Currently, BTCUSDT is trading around the $46,000 mark and is undergoing a correction phase after breaking through the resistance level at $45,500. Assuming this is a price behavior, BTCUSDT is expected to continue rising after the correction is over and use this level as a new support.
From a fundamental analysis perspective, the price is still in wave 1 of an upward trend, although no corrections have occurred yet.
Therefore, RKarina's target is $50,000 or higher at the Fibonacci 0.168 level ($52,275). What are your thoughts on this?
Currently, BTCUSDT is trading around the $46,000 mark and is undergoing a correction phase after breaking through the resistance level at $45,500. Assuming this is a price behavior, BTCUSDT is expected to continue rising after the correction is over and use this level as a new support.
From a fundamental analysis perspective, the price is still in wave 1 of an upward trend, although no corrections have occurred yet.
Therefore, RKarina's target is $50,000 or higher at the Fibonacci 0.168 level ($52,275). What are your thoughts on this?
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