Crypto market is still bullish despite a new sell-off [Video]

Gregor Horvat Wavetraders

Crypto market faced some deeper decline, but still looks like a complex W-X-Y correction in wave 4 within a bullish trend for wave 5. A drop came from a stock market slowdown due to end of the month flows last week on Friday and due to US tariffs. However, now that US tariffs for Mexico and Canada are delayed, we can see a strong stabilization and recovery, which can be an indication for a bullish continuation within a new five-wave bullish cycle for wave 5, at least for the first half of 2025.

Crypto total four-hour chart

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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