According to Elliott wave Bitcoin is in wave 4 correction, precisely in wave 3 of the zig zag correction.
Bitcoin will hit 52200 to 53000 level before we rally up to 80k which will be sluggish and slow before a bigger correction will follow leading to a bear market.
You don't want to sell your BTC or crypto now, the bullrun is not yet over.
I predicted this dump of BTC and no we are not in a bear market yet.
According to Elliott BTC is in a wave 4 correction in form of a triangular pattern which is inevitable and after the correction BTC might hit 80k before we have a bigger correction ( bear market)
According to Eliot wave count Bitcoin is in wave 4 correction, we might see Bitcoin below 50k before wave 5 kick in and Bitcoin will go above 80 to 100k
the overall Eliot count of Bitcoin state that Bitcoin is in wave 3 and according to Eliot wave 3 is often the longest so we might see btc above 80k
Bitcoin halving serves both economic and sustenance purposes.
On the aspect of bitcoin’s economy, halving creates a scarcity pattern for bitcoin. Against a varying demand, bitcoin halving reduces the rate at which bitcoin is supplied. The demand for bitcoin has seen a consistent rise over the years, this has been met by a constant decrease in the supply rate.
To say the least, it solidifies bitcoin’s status as a store of value.
According to Eliot wave count Bitcoin is in wave 4 correction, we might see Bitcoin below 50k before wave 5 kick in and Bitcoin will go above 80 to 100k
the overall Eliot count of Bitcoin state that Bitcoin is in wave 3 and according to Eliot wave 3 is often the longest so we might see btc above 80k