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Bitcoin: Will We See $54K First Before We See $94K?
Two months ago (!), here, we showed that Bitcoin (BTCUSD) was forming a potential Bull flag. Well, like it or not, the cryptocurrency is still in it and has failed to clear the last hurdle -the upper trendline of the flag; see Figure 1 below- twice now. Thus, the two Elliott Wave Principle (EWP) counts we presented in our last update, here, are still possible. As the Bull-Bear battle rages on, we must remain patient until we get a resolution. Allow us to explain below. chart Since its March all-time high, BTCUSD has bumped six times into the upper trend line, forming the potential Bull flag. Two of those were false ... (full story)