Bitcoin - Medium Term Trading Idea w/ High Potential - 16 Dec 24After U.S. election price broke the high and reach in period less than 2 month high of $106'000. Many traders expecting new highs over 150'000 - 200'000 dollars per Bitcoin, but the reality for TradingTie team is bit different.
Elliot waves are the best predictable tool in which phase of the trend we are. After breaking the range of 4-th wave - we are currently in fifth wave.
1. The price hit the upper trendline channel.
2. The price hit strong static resistance in range 104'000-106'000
3. On lower time frame 5 min the price made 5 downtrend impulsive waves.
Our target is over $60'000 per bitcoin in March-May 2025.