The post Bitcoin Price Analysis: Analyst Maps Next Levels For BTC Price appeared first on Coinpedia Fintech News
After Terra’s fall and FED’s policy that was kicked off in the year 2022, war broke out and the fallout from the FTX collapse was like the last straw.
Crypto has weathered the storms of the long crypto winter.
Smart contracter, a crypto analyst, has yet again come up with his analysis of the Elliott theory based on historical data to make sense of the new bear market lows. He employed Elliott Wave theory to technically analyze future price action by watching market players’ psyche, which emerges in waves.
New Bear Market Low for BTC?
According to the analyst who predicted Bitcoin’s (BTC) bottom for 2018, the dominant cryptocurrency is preparing for a new bear market low, which will be marked by a corrective move.
Bitcoin’s recent rise from its current bear market bottom of $15,546 is likely coming to an end, analyst Smart Contracter (a pseudonym) informs
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