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Bitcoin entering final stage of major bull trend, crypto analyst says

Published 10/16/2021, 12:00 PM
Updated 10/17/2021, 04:20 PM
© Reuters.

Trader and cryptocurrency analyst Alessio Rastani believes Bitcoin (BTC) is entering the final stage of the current bull market, which will propel the leading cryptocurrency to a $100,000 price target.

To explain his prediction, Rastani cited the Elliott Wave Theory, which divides upward price trends into five waves. Rastani believes we have entered the final wave of a bull trend that started at the beginning of 2019 and that should see its top at some point next year.

Elliott Waves Model. Source: leadingtrader.com

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Latest comments

what about in the short run ..?
Gotta wait and see, Shahid. Elliott wave isn't certain anyway.
Lol. Hold.There is no supply
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