As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader
Bitcoin price achieved a new all-time high at $25,945 following a large short squeeze in the futures market. The price of Bitcoin (BTC) has reached a new all-time high of $25,945 on Binance on Dec. 26 just a day after it achieved its previous record high on Christmas day.BTC/USDT hourly candle chart (Binance). Source: TradingView.comThere are many broad reasons behind Bitcoin’s rally, such as the high institutional demand for BTC. But for the current intraday rally, excessive shorting on Binance Futures was likely the primary catalyst.$25,000 BTC now above stock-to-flow model priceBefore....
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Yesterday, Bitcoin experienced a major breakout through $12,000 and in a flash was trading above $13,000. Buying on exchanges is picking up, which is, in turn, driving up prices. However, a “massive” wave of OTC buying suddenly could also be contributing to the bullish impulse. Here’s how. Bulls Push BTC To New 2020 High, Is […]
A new Bitcoin price prediction suggests that the flagship cryptocurrency needs just one more leg up to kickstart a powerful bullish move toward $150,000 and beyond. With Bitcoin getting ready to once again hit new all-time highs, technical formations suggest that this projected rally could be the final confirmation of a long-term breakout. Bitcoin Price Roadmap To $150,000 ATH A new Bitcoin price analysis released by market expert CrediBull Crypto on X (formerly Twitter) predicts that BTC is gearing up for a massive surge to $150,000. The analyst shared a Bitcoin price chart, using....
The bearish outlook by the Elliot Wave Theory appeared as Bitcoin tumbled below $35,000. The ongoing Bitcoin (BTC) price correction could continue as per almost a century-old technical analysis principle called "Elliott Wave Theory."The interim bearish outlook put forth by the Elliot Wave Theory appeared as Bitcoin tumbled below $35,000 amid the Russia-Ukraine conflict.Bitcoin wave fractal eyes repetitionThe theory, which divides a price cycle into two sets—one consisting of five upward-trending impulse waves and the other having three follow-up corrective waves—points to the possibility....
Ethereum has stopped at the top limit of the flat. Such an advantage on the side of the bulls could provoke an upward impulse. What is necessary for that impulse to begin? The fortification alone is not enough, as a false breakthrough can happen and Ethereum’s price will drop sharply as a result, at least down to the bottom limit of the flat. The structure has to include a turnaround wave and a correction, which will form right at a significant level. Until such a wave forms, there is a possibility of a false breakthrough. For a more confident growth, the structure of Ethereum’s price has....
In a newly published chart, Elliott Wave specialist and crypto analyst Big Mike (@Michael_EWpro) outlines a precise roadmap for Bitcoin’s price action, indicating that a break above $95,000—or a bounce from lower support near $72,895—could propel BTC toward the $130,000–$140,000 region. His analysis builds on detailed wave counts, multiple Fibonacci extension targets, and critical moving averages, offering a granular look at the BTC’s near- and mid-term possibilities. What’s Next For Bitcoin? Big Mike’s chart displays a complex Elliott Wave structure consisting of five main impulse waves....