Elliott waves analysis

As expected, buyers made a bold attempt to seize the initiative, managing to raise the rate quite well. The price rose more than expected, but the situation remained under sellers’ control. The rate began to decline slowly again. This price surge was probably due to the development of the final pa

The situation with Bitcoin continues to develop according to the previously considered wave scenario. The price is currently in correction, forming the fourth wave in an upward impulse within wave [iii]. This means that the growth of the first cryptocurrency’s value is not yet complete. However, b

The index demonstrates weak dynamics, fluctuating near the previously reached historical high. There is still no clear impulse in either direction. Such uncertainty is likely to persist for some time. The current movement structure continues to be viewed as the final wave 5 of the upward impulse.