Bitcoin: Is the Thrilling Rollercoaster Ride Finally Over?
Adezeno Sagoli Olid
Unit Trust Consultant with an opinion on financial market at Eastspring Investments Berhad
In my latest Bitcoin newsletter, I highlighted that Bitcoin is currently in the ‘Wave 4’ consolidation phase. This implies a sideways movement, a characteristic ‘Wave 4’ trend.
Before.
*Click the image above ???? to read my previous newsletter.
After
Bitcoin experienced a 24% decline from its peak of $73.8K on March 14, 2024, appearing to conclude the ‘Wave 4’ consolidation phase.
Look at the impressive rebound of the price from our demand line at $56.5K, followed by a sharp upward surge.
In terms of wave analysis. We are now in the progression of wave 5 of (3).
I remain Bullish on Bitcoin.