• The Bitcoin price initiated an impulsive upward move on March 13.
  • The price is either in the B-wave of an A-B-C correction or in the fifth and final wave of the impulsive movement.
  • Bitcoin has already broken down from a long-term ascending support line.
The Bitcoin price has been decreasing since June 1, but today it showed signs of a reversal by breaking out from a short-term descending resistance line. It is possible that this move takes the price all the way to $10,000. In our previous article, we discussed three possible Elliott wave patterns. Two of these have been invalidated, so we will look at the one possibility that has not
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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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