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Bitcoin (BTC) Technical Analysis: Will the $57,000 Levels Be Tested?

The long-standing consolidation in Bitcoin (BTCUSD) was labeled as a "Triangle Correction" (Wave 4) according to Elliott Wave principles. As of t...

Bitcoin (BTC) Technical Analysis
Bitcoin (BTC) Technical Analysis: Will the $57,000 Levels Be Tested?
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The long-standing consolidation in Bitcoin (BTCUSD) was labeled as a "Triangle Correction" (Wave 4) according to Elliott Wave principles. As of today, the price breaking below the triangle's lower boundary has triggered the final impulsive Wave (5). The Fibonacci 0.618 level at $57,330 stands out as both a technical and psychological support point. If downward continuity persists, this level may mark the terminal point for the entire major correction cycle (Wave Z). To ensure you don't miss these critical reversals and professional trade setups, subscribe to the Ewplans newsletter now!

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