Bitdeer BTDR Macro Outlook. Nothing changed, Min 2x to come $54

BTDR is a low-cap volatile asset so traders and investors should expect wild pullbacks like we are seeing and is feature of these type of assets and is why we can make so much money from them when using the right strategy.

The macro structure is bullish in an Elliot wave ABC as there are many series of 3 wave structures.

Wave (3) of C of (C) is underway with a minimum target of the 1.618 Fibonacci extension $41.17 but price can significantly overextend in these assets.

Terminal target is the channel upper boundary and R3 weekly pivot at $55. A break out above this would be very bullish and could see prices as high as $80+

RSI has months left of upside. Analysis is only invalidated below the 200EMA.

Safe trading