BTC is Fulfilling An Elliot Wave Pattern From November 2022: Analyst
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- CoinsKid thinks there is still more upside momentum for Bitcoin ahead of a potential reversal.
- The analyst said the current BTC rally is a recovery phase on an existing bull run from November 2022.
- CoinsKid predicts a significant bear trend for Bitcoin after the fifth wave in the current pattern.
A Bitcoin analyst identified as CoinsKid on X thinks there is still more upside momentum for Bitcoin ahead of a potential reversal. CoinsKid referenced a prediction he made last September, claiming what many thought was a bear market from 2022 was only a corrective phase of a bull market.
Blow-off top in RISK.
— CoinsKid (@Coins_Kid) March 8, 2024
I did make this tweet days after the crash in September 2023 when everyone was ULTRA BEARISH.
I backed it up with data from the #dxy, #sp500 and #ethereum, that $btc was about to make a big move into all-time highs and a blow-off top before the halving… pic.twitter.com/OiT9PmWOyB
According to CoinsKid, he predicted last September that Bitcoin would rally to all-time highs (ATH) and blow-off tops before the next halving. He supported his prediction with data from the Dollar Index (DXY), S&P 500, and Ethereum. True to h…
The post BTC is Fulfilling An Elliot Wave Pattern From November 2022: Analyst appeared first on Coin Edition.
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