Sideways Expected as Price of Bitcoins Around $ 4k


From the cryptocurrency market has started increasing again and managed to stay above the $ 135B support. This was the first time you were in the world.

  • Market Cap: $ 137,959,825,055
  • 24h Vol: $ 15,829,569,225
  • BTC Dominance: 51.7%

Bitcoin BTC Price

Looking at the global chart you can see that the evaluation has been done fakeout with the evaluation going below the horizontal level at the end. The evaluation is now slightly above $ 138B which is close to the lowest priority at $ 138,608,000,000, so we are going to see if it goes beyond it or starts pulling back again.

100% change in the 25-hour change around 2%. The biggest gainer today is an increase of 11.5% so far. Meanwhile, Buggyra Coin Zero which experienced an increase of over 80% is now in red with a decrease of 44%.

Bitcoin's market dominance has stayed around the same levels as yesterday as its currently hovering around 51.7%.


From $ 4185 the price of Bitcoin has fallen to first and came down to $ 4088.

An analysis of the price of an increase in the number of shares in the future. The price is currently around the same levels as the prior high.

The second X wave, if the price is set to be lowered to $ 3994 the wave of a higher degree.

The WXYXZ correction is most likely the X wave from a WXY in the trend direction (green) which is why I believe that the correction will be prolonged by two more waves. Bitcoin much higher than projected before this move to the downside starts.

Zooming out to the daily chart you can see my Elliott Wave projection for the long-term is playing out accordingly. Bitcoin before the start of the year. The only mistake I made that I'm not going to be out of the upside down $ 2926 level which is the most significant horizontal level, but instead it's landed on the mid-range of the support zone around $ 3,200 before this correction to the upside started developing. Bitcoin potentially up to $ 5500.

The price is in line with the future trend.

Market sentiment

Bitcoin is in the buy zone.

Pivot points

S3 82.56
S2 117.51
S1 137.91
P 152.46
R1 172.86
R2 187.41
R3 222.36

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