|

Bitcoin technical analysis Elliott Wave forecast & trading [Video]

Bitcoin Overview: Bullish Corrective.
Bitcoin Technical Analysis Major Trading Level (TL5) 51,100 the 61.8% Fibonacci ratio.
Bitcoin Elliott Wave (c) of b) back to 49 - 50k then lower.
Trading Levels Bitcoin: Minor Group2 48000|4772|46500 keep in mind the 40,000 as the 50/62% retracement after the retest of 50K Major Level TL5.
Bitcoin Trading Strategy: Neutral.

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:

Editor's Picks

Shiba Inu Price Forecast: SHIB stalls as rising supply on exchanges warns of profit-taking

Shiba Inu stalls above $0.00000500 following two consecutive bullish months as upside momentum eases. Volatile investors' interest in the meme coin amid rising supply on exchanges warns of profit-taking despite consistent token burns.

Dogecoin Price Forecast: Whales accumulate as DOGE uptrend stalls below 200-day EMA

Dogecoin holds a modest bullish bias, trading above the key support zone around $0.090; however, it is capped below the 200-day Exponential Moving Average near $0.094. On-chain data shows certain whale wallets are accumulating DOGE tokens, while strengthening derivatives metrics support a rally ahead for the meme coin.

Ripple and Stellar outlook: Hold bullish bias above EMAs as derivatives back upside

Ripple and Stellar hold above the key support zones, hinting at an upside move. Derivatives metrics further support the recovery, with both altcoins showing positive funding rates and rising long positions. Derivatives data shows a bullish tilt among XRP and XLM traders.

Crypto Market Overview: Bitcoin steadies below $80,000 – INJ, AERO rally
Bitcoin (BTC) hovers around $79,000 on Tuesday, struggling to break above the sell wall between $80,000 and $82,850. The broader cryptocurrency market sentiment remains bullish, with the Fear and Greed Index showing a reading of 73. Injective (INJ) and Aerodrome Finance (AERO) post double-digit gains over the last 24 hours.
Bitcoin: Gearing up for a sharp move
Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.