Bitcoin Price Bull Market Has Begun

Bitcoin Price Bull Market Has Begun

I wrote the article below late last night after a long day on the road. This morning, more alert and focused, I looked again at the short term charts. What was I looking for? Elliott Waves in waves of 5 going up. As you may know, their return (after a very long absence) will signal that the market has turned - i.e., the bear has died. Happily, I see 5 waves up growing like mushrooms after a summer rain, on the 5 & 15-minute charts. I will write about this in more detail in my next article. You heard it here first. The bear market of 2014 is dead. It was pronounced dead at a Bitcoin Price....


Related News

Why Bitcoin Bull Market Shakeouts Are Healthy For Holders

At this point, no one can deny that Bitcoin has begun a new bull market. The 500% rally and new all-time high in 2020 is all the evidence that is needed. But that doesn’t mean that corrections won’t soon come, and according to VanEck’s digital asset director, Gabor Gurbacs even a +50% price drop will […]

As The Bitcoin Price Hits $45,000, Is The Next Bull Run Beginning?

With the bitcoin price hitting $45,000 and above, has the next BTC bull run begun?

NFT Volume Down 93% Since January, Is This The Beginning Of The End?

NFT trading volume had seen a wild uptick back in the bull runs of 2021. By the start of 2022, the market had begun to reach its peak as interest blossomed. However, after hitting an all-time high in January of 2022, the volume had begun to dwindle. The following months would see lower values and […]

How The 55% Bitcoin Correction Revives Comparisons To Past Bull Cycle

Bitcoin price is still trading at more than $25,000 less than the local highs set earlier in the year, and bulls have a lot of ground to reclaim. However, the lost ground might not be so bad after all, as it has brought the current market cycle a lot closer to past bull cycle comparisons, which could shed some light on what’s left for Bitcoin in terms of price action in the months ahead. Bitcoin Collapse Puts Market Cycle On Par With Previous Bull Run Following a sharp more than 55% decline across the board in cryptocurrencies – even the top dog Bitcoin – the market is....

Bitcoin Mid-Cycle Pullback Resembles 1970s Gold Bullion Rull Run

Bitcoin price is back near $50,000 after a massive shakeout following new all-time highs set this past April. While the market continues to debate whether or not a top is in, the top cryptocurrency by market cap has begun to resemble the price pattern of the 1970s gold bull run. Interestingly, both assets topped out […]