Bitcoin May Continue Lower

 | Sep 24, 2021 07:24AM ET

As per Elliott Wave analysis, Bitcoin (BTC/USD) is came nicely down in the 4-hour chart, but it's trading now at key 40k-37k zone for wave C, so in case if we see strong rebound and recovery back to 50k, then bulls could be back in the game.

However, at this stage still be aware of a continuation lower within wave 3 towards 32k-30k area./h2 Bitcoin 4h Elliott Wave Analysis Chart