🚨 New Bitcoin Analysis: Correction Before Launching Towards $148,000? 💰📈
According to XForce Global analysis, #Bitcoin has completed a strong upward wave of five waves and is still maintaining its positive structure. However, before reaching the major targets between 140K – 148K, there is a possibility of a short-term correction.
🔹 Current Price: $118,721 (-2.7% today)
🔹 Important Supports:
$115,500 (Fibonacci 38.2%) 🛡
$107,500 (Fibonacci 61.8%)
🔹 Next Launch Area: 121K – 123.5K
🔹 Upward Targets: 140K – 148K, and some analysts even expect 170K 🚀
📌 Possible Scenarios for August:
1️⃣ Continued strong upward wave.
2️⃣ Gradual rise within a converging triangle.
💡 Analysts Confirm: Buy on dips as long as Bitcoin is above strong supports.
📊 What do you think? Will we see a short correction before the upward explosion or a direct launch towards the peak? 🤔💭
