The direction of where the Bitcoin price could be headed next has been a bone of contention among industry players. Numerous forecasts have been made for the pioneer cryptocurrency, but one crypto analyst maintains that Bitcoin continues to be bullish even through its current choppy movements.
Crypto Analyst Predicts Further Upside For Bitcoin
Crypto analyst Tony “The Bull” Severino took to X (formerly) Twitter to share their analysis for where they believe the price is headed next. The analyst who has been known to be bullish on Bitcoin since the FTX crash rocked the market has maintained his bullishness, believing that Bitcoin can move up from here.
In the chart shared with the post, the analyst outlines different points of the Elliot Wave Theory that could be playing out in the market right now. He explains that the current price movement may be playing out to a valid wave pattern. But nonetheless, shows what could happen if this does happen to be the case.
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