Bitcoin and Elliott Waves: Is the ABC correction approaching?
(Part 2)
This article covers the following topics:
The ABC corrective phase with key levels ($88K and $60K).
Elliott fractality and possible Wave 2 of the larger fractal.
The impact of institutionalization on Bitcoin cycles.
The debate over whether Bitcoin has broken its 4-year cycle.
Bitcoin has followed a well-defined cyclical pattern on its monthly chart, aligned with the Elliott Wave theory. According to this model, the asset has completed five impulsive waves, suggesting the possibility of a correction with waves A, B, and C.
The ABC corrective phase with key levels ($88K and $60K).
Elliott fractality and possible Wave 2 of the larger fractal.
The impact of institutionalization on Bitcoin cycles.
The debate over whether Bitcoin has broken its 4-year cycle.
Bitcoin has followed a well-defined cyclical pattern on its monthly chart, aligned with the Elliott Wave theory. According to this model, the asset has completed five impulsive waves, suggesting the possibility of a correction with waves A, B, and C.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
95,867.06
-0.48%