Elliott wave Bitcoin analysis 03.02.2023

The BTCUSD market continues to grow. The bulls will contribute to the growth of Bitcoin to the level of 24500.00, at which impulse (5) reach the Fibonacci level of 61.8% of the previous impulse sub-wave (3). Shortly, expect construction of sub-wave 5. A possible price movement is shown in the chart. In the current situation, consider opening long trades.

Trading plan for BTCUSD today:

Buy 23527.40,

Take profit: 24500.00.

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