1168: BITCOIN TO REACH $161,800, ACCORDING TO FIBONACCI EXTENSION, ELLIOTT WAVE THEORY!!
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Bitcoin QCP - Is Wave Four in Play?
QCP updated its long term Elliott wave price analysis. It argued that the current upside constitutes a wave four for Bitcoin. The extension we're currently seeing so far in 2023 falls within the parameters of wave four even if it has broken some near term technical levels to the top side thereby increasing bullish momentum. QCP: We are sticking with our new view that this bounce since November 2022 lows is just a way for correction and we have a final wave five sell off to go.
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