|

Bitcoin back to $25,000 [Video]

Bitcoin BTC-USD Elliott Wave technical analysis

Content Bitcoin BTC/USD.

Summary Tech stocks are topping in the same pattern as Bitcoin...Binance and its CEO Changpeng Zhao were sued by the CFTC for allegedly failing to properly register has softened the markets, however the current move down is in line with the larger tech stocks.
Elliott Wave Wave ii) correction back to 25,000.
Strategy: Trade to 25,000 and exit.

Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817.

Source: tradinglounge com  Level Up - Test the Trial Service!

Author

Peter Mathers

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

More from Peter Mathers
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Aave Price Forecast: AAVE eyes bullish breakout as on-chain and derivatives data turns supportive

Aave (AAVE) price hovers around $172 on Wednesday, nearing the upper trendline of the falling parallel channel pattern. A break above this technical pattern favors the bulls.

Hyperliquid Price Forecast: HYPE consolidates below 50-day EMA as bullish bias strengthens

Hyperliquid (HYPE) experiences a pullback of over 1% at press time on Wednesday, struggling to extend the breakout rally of a resistance trendline.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple cool off as rally stalls near key resistance zones

Bitcoin, Ethereum, and Ripple prices are taking a breather on Wednesday near their key resistance levels following the recent surge. BTC faces rejection at the $94,253 level, while ETH and XRP follow BTC’s footsteps, struggling near $3,308 and $2.35, respectively.

Top Crypto Gainers: JasmyCoin rallies as Cosmos and Bittensor retreat

JasmyCoin (JASMY), Cosmos (ATOM), and Bittensor (TAO) are among the top-performing cryptocurrency assets in the last 24 hours.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.