Three weeks ago (see here), we showed Bitcoin (BTCUSD) continued to follow the fractal with the January 2021 correction, and based on our Elliott Wave Principle (EWP) analyses, we found that “… we should expect BTCUSD to bottom out at around $57.5K, close to the $55080 level mentioned earlier and the $54-57K target zone for the grey W-c. Of course, BTCUSD does not have to follow the same path as in 2021 and could have already bottomed out … more likely, it may provide us with a flat (3-3-5) correction, which targets ~$74+/-1K first, then drops back to ~$60+/-1K before liftoff. Regardless, we remain bullish over the ... (full story)