Bitcoin’s Market Cycle Analysis Using Elliott Wave Theory
- Crypto analyst Tolimanu suggests Bitcoin’s bull run is not over, using Elliott Wave Theory.
- The analysis indicates a potential correction to $73,969 before a bullish phase if support holds.
- Technical expert Tony Severino highlights Bitcoin’s precarious position, noting the importance of RSI levels.
- Severino warns that failure to surpass an RSI of 70 could indicate continued bearish trends.
- Titan of Crypto identifies CME futures gaps with upside between $96,480 and $97,300 and downside between $91,990 and $93,400.
At the time of writing, Bitcoin is trading at approximately $94,300. Analysts suggest key support and resistance levels that could influence future price movements.
Source (2.6)https://www.newsbtc.com/news/bitcoin/where-bitcoin-is-this-cycle/?rand=52377
