$BTC 12.11 Bitcoin Price Today: Bitcoin has now risen to around 92,300. In the previous video, we discussed that Bitcoin is currently forming a consolidation triangle, and this triangle is most likely to break upwards, completing its wave c rally.



We can now confirm that Bitcoin has successfully broken above the upper boundary of the triangle consolidation, entering the main upward phase.

Currently, we are in the wave c wave two retracement stage. The current support level is around 91,300. Structurally, this retracement is a normal correction and a very standard wave two pullback pattern. A retest here is a good opportunity to go long again.

Overall, Bitcoin's mid-term structure remains bullish and continues to be optimistic. The current rally has not ended yet, and the main upward wave c still has room to complete. It is expected that there will be further upward movement.

In summary, the market is currently in the final wave of rally C wave, specifically wave C2 retracement. Hold long positions and continue to do so.
BTC-0.22%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
BigBrotherXimenvip
· 12-11 19:06
You car wall roar
View OriginalReply0
CanYouCheckMyWaterFvip
· 12-11 08:00
You think you can jump to the top in just a month or two? That's funny.
View OriginalReply0
Don'tRush.vip
· 12-11 01:04
91,300 has been broken.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)