Today we have an in-depth Elliott Wave analysis of the Bitcoin Chart from Crypto Unplugged.
This excellent analysis looks at several ways to determine a potential top for Bitcoin and where we currently are in the cycle. The First analysis uses channels and Fibonacci Time Pivots.
Elliott Wave Analysis of Bitcoin
July 10, 2024 by Leave a Comment
Is Bitcoin Headed to Zero?
May 14, 2022 by Leave a Comment
During the 2008 meltdown gold initially lost value as speculators sold gold to cover margin calls. But it quickly recovered as investors realized that gold was the only asset that wasn’t simultaneously someone else’s liability. So the question arises, “Will Bitcoin turn out to be an Asset or a Liability”?
Will China’s Crackdown Send Bitcoin’s Price Tumbling?
October 16, 2021 by Leave a Comment
Over the last year, bitcoin has increased by over 400%. As a matter of fact, it has more than doubled since the July low. In today’s article, we are going to look at whether news or even government actions affect the price of bitcoin. In the article, it refers to a proclamation made on July 2, where Elliottwave International says that the downtrend was ending… and then Bitcoin rose throughout July and August, fell through September (bottoming on September 28th), and then it began to rise again. ~Tim McMahon, editor.
The Bitcoin Crime Wave Hits
June 11, 2021 by Leave a Comment
By Elliott Wave International The conviction gripping bitcoin’s ascendancy is so deep that children are now being indoctrinated into the bullish fold. We talked about this phenomenon with respect to the stock market last month. This Bloomberg column from May 16 signals its arrival in the cryptocurrency world: “Why I Pay My Seventh Grader in […]
Bitcoin: Let’s Put 2 Heart-Pounding Price Drops into Perspective
February 27, 2021 by Leave a Comment
Bitcoin’s price fell hard, from above $58,000 to $45,000, and some are wondering if this is the start of a crash. Well, the word “crash” was also used back in January, when the cryptocurrency fell from $42,000 to below $30,000. However, prices bounced back. Let’s see how Elliott wave analysis can help put both price drops into perspective.
BITCOIN BREAKDOWN MAY PUSH PRICES BELOW $5000
October 17, 2018 by Leave a Comment
Recent market turmoil across the global stock markets has refocused investors on the concerns of global economics, trade, and geopolitical issues – away from cryptocurrencies. The biggest, Bitcoin, has been under extended pricing pressure recently and our research team believes Bitcoin will breach the $6000 level to the downside fairly quickly as extended global market downtrends continue.
Bitcoin Crashes Below $10,000. What’s Next?
January 26, 2018 by Leave a Comment
Who could have thought that something called a “digital currency” that first appeared in 2009 and was widely available for 1 cent (and no one cared!) eight years later would be going for $20,000 a pop? It’s the wildest financial craze of our time. Wait, scratch that — it’s the wildest financial craze ever, because Bitcoin is up not 100%, not 1,000%, not even 10,000%. Since inception, Bitcoin is up 32,000,000%. Yes, thirty-two MILLION percent.
