Bitcoin is ready to go higher! I expect Bitcoin to hit 64,000 - 63,500 USDT in the immediate short-term for the following reasons:
1. The falling wedge is breaking out, the
price is now above the main trendline, and
the downtrend is exhausted.
2. My Elliott Wave count suggests that
we have completed the corrective pattern
WXYXZ (triple three).
3. Bitcoin created 2 major FVG (fair value
gaps) above the current price. Usually these
gaps tend to be filled pretty quickly, so be
ready for the bull price action!
4. The 200 1H MA (simple moving average)
needs to be tested as well. We saw a
breakout of this MA, but never seen a retest
of it.
5. October is statistically an extremely
profitable month for Bitcoin, so this gives us
a statistical advantage.