In this article, I will take you on a journey using the Elliott Wave Principle (EWP) to try to better understand Bitcoin’s (BTC) past, current, and future price action. The longest record of BTC’s price started in July 2010. See Figure 1 below. Before that, the first recorded price of Bitcoin was $0.00099. Namely, on The BitcoinTalk forum, member NewLibertyStandard set up New Liberty Standard Exchange, and another forum user – Sirius – sent him 5050 BTC in exchange for $5.02 through PayPal. Thus our analysis starts on July 19, 2010, when BTC was recorded at $0.09. {chart} From there, we can count five waves up to the ... (full story)