BTC Corrects Bull Run!
Economía

BTC Corrects Bull Run!

25 February 2023

Featrued chart by Stockcharts.com

Elliott Wave Analysis by Raul Fernando Luna Toro

 BTC is sliding quickly to Minor Degree lower channel trend line.  And given the complete impulse at %25250.00, chances are good the benchmark crypto is most likely pushing through this support.  The 21351.07 Minor degree low is the next support level and a good time to dip in.  Noticed that the 20943.40 Fibonacci 38.2% is right below Minor 4 low.  This area is a good support level do to the 38.2% and both Minor and Minute degree 4 zones.  Below this, there is the 19767.88 and the 18658.34 61.8% Fibonacci 2vs1 retracements.  Great buying opportunities! 

Above is a Daily chart of Bitcoin USD with Elliott Wave labeling!
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