Bitcoin Nears Major Low as Elliott Wave and Momentum Divergences Signal Reversal
In our April update, we found, using the Elliott Wave Principle (EWP), that Bitcoin () would ideally rally to $82,612- $84,339 before another decline. BTC topped at $82,813 on May 6 and hit a new low at $57,739 today. So far, so good; see Figure 1 below. The recent decline is best counted as a…
