“Wild” doesn’t begin to describe Bitcoin’s price action.
Less than 12 months ago, it traded as low as $1,200. By early December, it hit a high of $19,891 – and on the CBOE, Bitcoin futures topped $20,000.
Then, on December 22, Bitcoin crashed to $10,400… then rebounded as high as $17,000 into January… and now, it’s again trading in the $10,000 range.
Are you wondering what’s next for Bitcoin and cryptos?
Our friends at Elliott Wave International just released a new, free report: “Bitcoin: The Greatest Bubble of All Time.”
In their nearly 40 years in the business, EWI has applied Elliott waves to hundreds of different markets — some mainstream, some exotic. When they first studied cryptocurrency charts, they saw familiar price patterns. Yes, Elliott waves are at work in this brand-new asset class just as they are in the established markets.
EWI was one of the first (possibly the first) financial publishers to ever talk about Bitcoin back in 2010.
Which means, you need to hear what Elliott wavers have to say about it now.
P.S. Our friends at Elliott Wave International just released a new, free report: “Bitcoin: The Greatest Bubble of All Time.”Whatever you think about cryptocurrencies, you don’t want to miss these insights.
Who is Elliott Wave International?
EWI is the world’s largest independent technical analysis firm. Founded by Robert Prechter in 1979, EWI helps investors and traders to catch market opportunities and avoid potential pitfalls before others even see them coming. Their unique perspective and high-quality analysis have been their calling card for nearly 40 years, featured in financial news outlets such as Fox Business, CNBC, Reuters, MarketWatch and Bloomberg.