BTC/USD: Bullish trend may continue till year end.

3 Ağu 2023

Since the low of $15500 in November 2022, the BTC/USD uptrend has maintained a series of higher highs and higher lows. It is currently on Wave 1-2, Wave -[ii], and Wave (i)-(ii). This series may continue until it breaks below $24825. Immediate support is expected to be found near $28335 and $27506, which correspond to the 50% and 61.8% Fib. retracement levels of Wave (i). The ultimate target is to reach $51000 by the end of 2023 and $62000 by the first quarter of 2024.