Short-term Bitcoin forecast

After a dramatic panic crash, BTC/USDT (Binance) is now in consolidation. Expecting an upward move till midnight.

Elliot waves worked great on 1H crash.

General consolidation could last for a few month. Considering a global economic crisis being forecasted (due to Corona Virus (Covid-19) from major analysts, coming this July, we may go even to 3k. Hodlers are to save Bitcoin from going to $10. Currently most experts mark 3.7k as a level of significant support.

Weekly chart will show today if BTC will close below 200 MA. If yes, a further fall to be expected. Weekly close above 200MA will mean a strong support at that level.

200MA have never been broken.

In any case current levels of bitcoin are great for accumulation.