Bitcoin alternative scenario, which you will like!

Greetings, everyone,

We find ourselves currently facing the primary pessimistic scenario in the context of BTCUSDT price dynamics. The digital currency has recently dipped below the $15,000 mark, marking the culmination of the final bearish wave 5. Concurrently, a pivotal juncture looms at approximately $21,000, where the price will determine the course of our trajectory, whether it signals a continuation of the bullish trend or not.

The primary alternative scenario unfolding at present is an ABC zigzag correction within the framework of wave 2 in the nascent bull run. It is our firm belief that wave A within this ABC pattern has been successfully concluded, exhibiting a quintessential Elliott wave structure characterized by five distinct waves. This, in turn, implies that we can anticipate observing a similar five-wave pattern in wave C.

The immediate course of action necessitates patience, as we await the culmination of wave B. This specific wave carries a target zone situated at the 0.61 Fibonacci level, approximately at the $28,500 threshold. It is from this juncture that we will be able to derive measurements for the potential downturn.

Best regards, Skyrex team
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