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Bitcoin’s Elliott Wave and Cylce Analysis

Gregor Horvat

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Barchart

Bitcoin’s price has surged close to the $100,000 level, fueled by increasing optimism and hype, particularly following Trump’s victory in the US elections. While this milestone has sparked renewed bullish sentiment, it’s critical to remember that Bitcoin is now in uptrend for only last four week, but it has been in an moving up since December 2022, marking nearly two years of consistent gains. So actually, we may now be in the late stages of this bull run.

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