Predicting Bitcoin's Cycle Using the Elliott Wave Theory
ru.tradingview.comOne of the most significant phenomena witnessed in the current financial market landscape is Bitcoin's adherence to a notably algorithmic parabolic trend, where cycles persist in a compounded manner in terms of percentages.
This raises the crucial question: "Can we expect all past cycles to mirror the current one?" Answering this is very challenging.
However, Bitcoin has one of the strongest strengths against all other coins, which is price history. Fundamentals attached, Bitcoin has been extremely resilient against major events (with wild swings), but the overall trend has remained in tact for over a decade.
This indicates not only strength, but true adoption. We must discern whether the price action will evolve into something new or continue the pattern of echoing past cycles (fractals).
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