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DavidJankowski
Nov 10, 2022 9:10 PM

Bitcoin 773% potential (Elliott Wave)  Long

Bitcoin / U.S. dollarBitstamp

Description

Hey friends, yesterday brought some new volatility to the market and interesting price movements emerged in the various coins.

Even before that, I suspected that we haven't seen the low in bitcoin yet. However, our new low around $15,500 may have been it now. To generate a sustainable uptrend, we would now need to move up in an impulse move.

If we reach a level of at least 19396.56$ and then correct again, that could actually be the start of a new upward structure



Unfortunately, however, it is still too early to have any real insight there. Bitcoin's long-term potential is enormous. Over 700% possible rise, in the upcoming wave 3 alone.

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