Bitcoin: Only a Bounce or a New Bull?

From fxempire.com

In our last update, see here; we presented two Elliot Wave Principle (EWP) options for Bitcoin (BTC) and its halving-cycle-related four phases. More about those in a later update. We found, “Currently, [BTC] is in a corrective wave, red W-ii, which should ideally subdivide into three smaller green waves, with green W-a completed this week. Green W-b to 29.5+/1.0K is now underway, followed by green W-c down to $21.7-23.6K. Once red W-ii ends, W-iii (the third wave) will kick in and propel BTC to six digits. The alternative to this long-term Bullish EWP count is that red W-ii is already complete: labeled as “alt: ... (full story)