As we head into the weekend, analysts have identified two potential scenarios for the Bitcoin (BTC) market.
Green Scenario: The primary forecast leans towards a retest of a significant level. According to this theory, we might witness a downward movement initially, collecting demand, followed by a robust upward push. This projection aligns well with logical market dynamics, wave patterns, and established levels.
Yellow Scenario: An alternative perspective suggests that waves 1 and 2 have already played out, with the third wave on the horizon pointing to a potential value of 29k. Though currently viewed with some skepticism, preparations for this outcome are already in place with trading bots set to sell across this range. As an added note, those interested in trading strategies can anticipate new content on trading bots to be released on related channels shortly.
However, as many experts concur, the weekend may not hold any major surprises for the cryptocurrency. Thus, it might be a good time to take a breather from the constant chart checks. Wishing everyone a restful weekend ahead. 🤝
![Alicia Maclean](https://crpto.news/wp-content/uploads/2023/08/download-3.jpg)
In my articles, you’ll find a blend of rigorous research and unbiased analysis. I’m not here to promote any specific project or coin; I’m here to deliver the facts and let you draw your conclusions. From exploring the impact of regulatory changes to deciphering the potential of cutting-edge blockchain applications, I’m committed to bringing you a holistic view of the crypto universe.