Two Scenarios for Bitcoin

We see that the correction process is in progress after the rise in bitcoin price. I think there are two scenarios for how the price will follow a path.

First Scenario

• Correction may be finished with an A-B-C structure.

• According to this scenario, we can expect a new wave of ascension to begin.

Second Scenario

• According to this scenario, correction has not yet come to an end.

• Correction may take a complicated structure and correction can expand both temporally and structurally

• According to this scenario, we can see new bottom on the price

I think that the uptrend will continue in both the medium and long term after the correction process has finally come to an end.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs.