The analyst who correctly predicted bitcoin’s [BTC] recent drop to $38,000 now sees levels above $43,000 appropriate for taking fresh bullish bets on the cryptocurrency. “With reversal indicators suggesting that a tradeable low is in, we should focus on longs. From a risk management perspective, we should re-engage in long positions once bitcoin breaks above $43,000,” 10x Research’s Founder Markus Thielen said in a note to clients Monday. Thielen’s bullish view is based on the Elliot Wave theory, which assumes that prices move in waves rather than simple patterns, and future movements can be predicted by observing ... (full story)