Jul. 4 at 5:23 AM
📈Bitcoin Nears Major Low — Elliott Wave count + momentum divergences point to reversal potential.
In my latest analysis for FXEmpire: BTC has likely completed a five-wave decline (with fractal 5th of 5th of 5th today), positive divergences are forming on MACD & RSI, and price is sitting right at major support in a historically favorable “low risk buy zone.”
The weight of the evidence suggests an important bottom may be forming — though confirmation (break above
$65,555–
$67K) is still needed.
Full breakdown + charts here:
https://www.fxempire.com/forecasts/article/bitcoin-nears-major-low-as-elliott-wave-count-and-momentum-divergences-point-to-reversal-potential-1607854#Bitcoin
$BTC.X
$GBTC $IBIT $BITO $BITI
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