Bitcoin Technical Analysis Update: Potential Wave-i Completion

📈 Symmetrical Patterns Signal Reversal:

- Symmetrical patterns on the chart indicate a significant number of price similarities in both advances and declines.

- This suggests that Wave-i may be approaching its end, signaling a potential reversal in price action.

🔄 Confirmation of Wave-i End:

- To confirm the top of Wave-i, we need to observe a drop longer and faster than Wave-h, indicating a decisive shift in momentum.

- Any break in price that exceeds the size of Wave H should provide sufficient confirmation that the larger timeframe Wave-b has concluded.

💡 Next Steps:

- Once Wave-b is confirmed to be over, I will begin making price/time projections for Wave-c.

- Preliminary analysis suggests that Bitcoin could retest the 2022 low near $15,000 within the next 1-2 years, as indicated by long-term charts.

Stay tuned for further updates as we track Bitcoin's price movements and Elliott Wave Theory patterns! 📉📊 #Bitcoin #TechnicalAnalysis #HotTrends #BTC