Will bitcoin go to 10,000 dollars?
It's not impossible to say. That's because the U.S. tax deadline has come.
Some may think the traders of bitcoin and virtual currencies are returning to the market for bitcoin and altcoin after paying the taxes.
Let's look at the chart!
Currently, BTCUSD has digested a large quantity of the selling volume from late March to early April.
As you can see, the bitcoin is now rising up with a classic Elliott waves.
The Elliott wave generally consists of five waves of rising and three waves of falling.
Now, bitcoin is the first to penetrate the black cloud of a major trend.
A large trend of black clouds is a support line and a resistance line that determines trends ranging from a week to more than a month. First, when the market breaks through the black clouds, the trend had become uptrend strongly.
The current price has exceeded the first black cloud, and the wave is the first Elliott upward wave. It is the second Elliott climb wave that hit and falls on the ceiling again, and the third Elliott upward wave that hit the bottom of the trend line.
Now prices are at the end of the third wave of rises. There will be a decline in selling soon. If the price forms the fourth wave of rising waves, and then the price rises again after it has dropped to the bottom, then the timing of the buying is the optimum.
It's not impossible to say. That's because the U.S. tax deadline has come.
Some may think the traders of bitcoin and virtual currencies are returning to the market for bitcoin and altcoin after paying the taxes.
Let's look at the chart!
Currently, BTCUSD has digested a large quantity of the selling volume from late March to early April.
As you can see, the bitcoin is now rising up with a classic Elliott waves.
The Elliott wave generally consists of five waves of rising and three waves of falling.
Now, bitcoin is the first to penetrate the black cloud of a major trend.
A large trend of black clouds is a support line and a resistance line that determines trends ranging from a week to more than a month. First, when the market breaks through the black clouds, the trend had become uptrend strongly.
The current price has exceeded the first black cloud, and the wave is the first Elliott upward wave. It is the second Elliott climb wave that hit and falls on the ceiling again, and the third Elliott upward wave that hit the bottom of the trend line.
Now prices are at the end of the third wave of rises. There will be a decline in selling soon. If the price forms the fourth wave of rising waves, and then the price rises again after it has dropped to the bottom, then the timing of the buying is the optimum.