Bitcoin prices were moving upward at the beginning of 2021. But, its investors have seen heavy downfall into May to June. Afterward, it has hiked from 28600 to above 51356.
According to Elliott’s wave theory, it’s running under the 4th wave. We may see a sideways trend here. Bitcoin is preparing for a solid uptrend ahead. It’s a right to jump on Bitcoin for the long-term investment.
And the correction can be between the range of 28600 to 50000 because it will start marching for $1,00,000 soon.
Kindly note, this target is for long-term investors only. If you’re looking for an accurate entry-level, wait for my next update. I’m planning to analyze it on a lower timeframe for the short-term investors. It can be helpful to catch the upcoming correction.
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