In the long term, Bitcoin will continue to be in a bull market because fiat currencies keep depreciating, a trend that will not stop for decades or even centuries unless the debt issuance currency model ends and the world returns to the gold standard or adopts a Bitcoin standard.



In the medium term, according to Elliott Wave Theory, Bitcoin has only completed the first wave of the five-wave decline. The second wave rebound is halfway through, and after the rebound, the second wave of the decline will continue.

In the short term, Bitcoin surged rapidly from 83,800 to around 94,100 in just 2 days, which is an unusually sharp move. Therefore, today’s movement is to fill the gap, which is between 87,600 and 90,000. $BTC
BTC2.52%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)