#Bitcoin = Daily Analysis = 26.07.2021 $BTC #BTC #crypto #cryptocurrency #investing #trading #charts #ElliottWave

It is amazing how accurately $BTC follows the forecasted wave. Next target – $43500 +/-1k. Timing – before July 31st. Let’s explore the details.

From the weekly forecast: “There is a possibility that $BTC makes 4-6 more green days.” Today was day #2.

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

Daily
Today BTC made a sixth green day in a row. The price was rejected at 100d MA, but the character of the candle suggests that we could see another green day tomorrow. The indicators continue to support the rally.
I continue to maintain that $BTC could try to form another 2-4 green candles in a row. Odds: Strong Bullish

Elliott Waves/Forecast

The coin accelerated to make a top of wave 3 and it helped to finalize the slope of the channel. I am expecting wave 5 to complete in the $42500-44500 area (most probably at the $43500 level) and it is likely to happen this month.
If the wave completes as a full motive wave, it will reassure me that the rally off the bottom is likely motive and it will help to project further targets and turns.
If the wave completes at the level mentioned, $BTC would be expected to retrace to the rectangle marked (2).

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Reversal Call:

Previous Monthly Analysis:

Previous Weekly:

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