Bitcoin (BTC), the pioneer and leading cryptocurrency, is the focus of our analysis today.
We investigate the price forecast for BTC, supported by insights from our Discord environment. Here we share more than 20 analyzes every week and regularly organize live streams.
Bitcoin Cash (BCH) could fall even deeper, but then rise 180%
Technical analysis bitcoin (BTC) price
Bitcoin has lost some momentum after reaching a new all-time high in March. The price is still recovering from the sharp rise at the beginning of the year, but the end of the correction appears to be in sight. The analysts at Crypto Insiders recently explained this as follows:
“BTC is currently correcting in the form of a WXY Elliott Wave. We are in the final phase of this correction, the Y wave, which marks the completion of a larger wave 4.
There seems to be some room for the price to drop slightly, but we keep our eyes firmly on the dark green support line that we would rather not see broken, and which we should therefore stay above.
The expectation remains that, after this temporary dip, the price will find its way back up. We confidently hold on to the idea that after this latest correction, an uptrend will lead us to new all-time highs.”
Good news for Dutch crypto traders
The new partnership between Bybit and SATOS, which has a license from the Dutch Bank, gives Dutch traders access to 400 new cryptocurrencies. Bybit offers the largest range of cryptocurrencies in the Netherlands. Don’t have a Bybit account yet? Register via this link and receive 20 euros in crypto as a welcome gift.
Need help?
In our Discord community you will find our extensive trading plan with all the latest updates. Here you enter a safe place where traders of all levels exchange knowledge. Ask your questions to expert analysts and top traders about trading, market trends and crypto topics in a vibrant community. We also organize weekly live streams and webinars for traders who want to delve deeper into technical analysis.
Join the conversation on Discord
Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These are therefore for educational purposes only.
Post Views: 4,807
