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Bitcoin latest news
BTC price technical analysis
Bitcoin has shown a lot of strength over the past few days. Where the price was still around $20,000 on November 3rd, Bitcoin meanwhile reached $21,500. This was also the level previously expected by Crypto Insiders Bitcoin analysis. In a new analysis from the Premium environment, they report the following:
Meanwhile, Bitcoin perfectly hit the area where we expected this wave to appear. But from here we expect the trend to continue to the downside. Bitcoin appears to be making a larger 12345 Elliott wave pattern, with the third wave bearish.
However, Bitcoin also has room to go up, but we can still expect a dip after that. The price is likely to rise to $25,000 while we maintain our bearish long-term outlook. Only when the price reaches the invalidation level at $25,200 will we be able to perform a new analysis.
If this happens, Bitcoin could be more bullish than expected. If any changes occur, all members of the Premium community will be notified and will immediately receive a new analysis.”
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