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Bitcoin Poised For ‘Blow-Off Top’: Elliott Wave Analysis Suggests New ATH Of $170,000 Newsbtc vor 6 Tagen

Bitcoin Poised For ‘Blow-Off Top’: Elliott Wave Analysis Suggests New ATH Of $170,000 📈

Bitcoin's (BTC) price has entered a consolidation phase after significant gains, with the market leader currently trading above the $100,000 mark. Analysts, using Elliott Wave Theory, anticipate further increases. A potential price target of $170,000 has been highlighted, though caution is urged due to overly bullish sentiment.

Market expert Daily Crypto Trading predicts that Bitcoin is experiencing a flat corrective wave, potentially reaching $90,000. However, surpassing $109,000 could signal the start of an impulsive wave, potentially raising prices to $120,000. A breach of $130,000 could lead to new highs of $170,000. Despite bullish predictions, the macroeconomic landscape remains a critical factor impacting Bitcoin's trajectory.

Quelle: www.newsbtc.com ↗

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