Market Analysis by Dr. Arnout ter Schure covering: Bitcoin US Dollar, Bitcoin. Read Dr. Arnout ter Schure 's Market Analysis on Investing.com
Spoiler alert: the answer is yes. For those new to our updates and as a reminder to regular readers, we have been bullish on
We have been tracking an “Ending Diagonal” price structure from the August 5 low that moves higher. In our last update, we expected Bitcoin to “ideally reach $74.8-78.4K, possibly as high as $82K on any unforeseeable wave extensions”. Fast forward, and Bitcoin is now trading at almost $90K. Thus, as we stated last:Well, we have been proven otherwise and have adjusted the ED pattern to a non-overlapping impulse pattern, which also moves higher. Even better. See Figure 1 below.
These four phases were correct, but we can now adjust our upside target as Bitcoin’s current rally extends. That we could, of course, not know a year ago, but it means BTC could target the 300-400% extension at $216-445K. Once the red W-iii completes around $119-147K, we can then better determine where BTC will top at the end of next year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin: What Can Derail a Rally to $80,000+?Market Analysis by Dr. Arnout ter Schure covering: Bitcoin US Dollar, Bitcoin. Read Dr. Arnout ter Schure 's Market Analysis on Investing.com
Read more »
Can Ethereum Catch up With Bitcoin?Market Analysis by Dr. Arnout ter Schure covering: Bitcoin US Dollar, Bitcoin, Ethereum US Dollar. Read Dr. Arnout ter Schure 's Market Analysis on Investing.com
Read more »
Bitcoin’s Bull Run: On-Chain Data Signals New Demand, $100k in Sight?Market Analysis by MarketPulse (Zain Vawda) covering: SPDR® Gold Shares, Bitcoin US Dollar, Bitcoin. Read MarketPulse (Zain Vawda)'s Market Analysis on Investing.com
Read more »
Bitcoin Takes a Pause - But $75k Still on as OTC Inflows DeclineMarket Analysis by MarketPulse (Zain Vawda) covering: Bitcoin US Dollar, Bitcoin. Read MarketPulse (Zain Vawda)'s Market Analysis on Investing.com
Read more »
Market Watch: Solana and Tron Defy Weekly Market Sentiment, Bitcoin Shaky at $67KCrypto Blog
Read more »
S&P 500 Headed Higher, but Be Prepared for PullbacksStocks Analysis by Dr. Arnout ter Schure covering: S&P 500. Read Dr. Arnout ter Schure 's latest article on Investing.com
Read more »