Is Bitcoin Headed For A New ATH After $104,000 Triumph? What This Market Expert Thinks

Since reaching a local bottom of $74,000 in mid-April, Bitcoin has seen a market rebound, creating a price uptrend that has lasted over the past three weeks. Notably, the premier cryptocurrency crossed the $100,000 trade mark in the last week to trade as high as $104,300. Following this impressive feat, market analysis X platform NewThoughtCrypto has shared a technical insight on Bitcoin’s next move.

Bitcoin Macro Outlook Shows Charge To New ATH But A Market Correction Awaits

In an X post on May 9, analysts at NewThoughtCrypto provided a macro and micro forecast of the Bitcoin market using the Elliott Wave Theory. In terms of the broad market outlook using the daily chart, these pundits explain that Bitcoin’s ascent to $104,300 marks the top

Continue reading