#Bitcoin = Daily Analysis = 25.07.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading #charts #ElliottWave

From the Weekly forecast: “a possibility that $BTC makes 4-6 more green days. Next target – $37-38k”. Well, consider today as day #1 and let’s explore other details.

The Weekly Analysis – link at the end of this post.

Daily
Today BTC made a fifth green day in a row. The price jumped above 50d MA and the 8 and 20 EMA formed a bullish cross. More indicators support the rally.
I continue to maintain that $BTC could try to form another 3-5 green candles in a row. Odds: Strong Bullish

Elliott Waves

The coin continues to obey the channels that I charted 3 days ago. The Fibonacci levels seem to be playing well too. The chart remains intact.
Next major target – wave 3 (green rectangle with #3) – $37000-38000.
Possible timing – July 26-27.

Forecast

There is a good chance BTC adds another few hundred points tomorrow. After that, expect a pause (horizontal move), followed by an attempt to hit $37-38k area that I would consider as the top of wave 3.

From yesterday’s forecast:

The next week I expect a rally, possibly a very strong one.

  1. There are multiple signs that it is wave iii/3 and there is a good chance of a rally for 2-3 days.
  2. After that, I am expecting a sharp and short decline for wave 4.
  3. Closer to the end of week, the wave resumes and it could possibly reach $39-40k or a bit higher before starting a sizeable pullback. Timing for the start of pullback – Saturday-Sunday.

    The long term perspectives and the chart can be found in the Monthly Analysis by the link below.

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Reversal Call:

Previous Monthly Analysis:

Previous Weekly:

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