Bitcoin (BTC), the first and most influential cryptocurrency that ushered in a whole new era of digital finance, takes center stage in our analysis today.
We delve into the price forecast of BTC, supported by an analysis from our Discord environment. Here we share more than 20 analyzes and live streams with more than 1,500 members every week.
Technical analysis bitcoin (BTC) price
Bitcoin appears to have reached the end of its recent decline. This means that the price may now be preparing for the next rise to a new record. The analysts at Crypto Insiders recently explained this as follows:
“We were primed for an even deeper decline for BTC, but it appears that the price has now reached the bottom of wave 4 of the Elliott Wave pattern.
This marks a turning point for the price, and we now anticipate the start of the last upward wave of this pattern: wave 5. It is absolutely possible that this wave will send the price to a new all-time high.
Our eyes are now on the 161.8% Fibonacci level, which is around $85,000. In the Discord group we will continue to closely monitor BTC and will share updates immediately should our expectations change.”
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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.
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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.
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