Is it possible that Bitcoin's price will fall to 26,000 USD?
According to Elliott Wave theory, the "Strong B Irregular Flat" should have a C-Wave that is 101-161.8 percent of the B-Wave. As Bitcoin's price broke the all-time high of 69 kUSD on November 10, it formed a B-Wave pattern that is within the 101-123.6 percent of the A-Wave. Therefore, if the pattern is a "Strong B Irregular Flat," the price should fall to 101-161.8 percent of the B-Wave, or 4-29 kUSD. Almost impossible for me to reach 4kUSD. Thus, I looked at the demand zone and determined that it might be 22-26 kUSD, with the goal that it does not fall below 17-19 kUSD or 15-16 kUSD. What do you think? Is it possible to reach that level?
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