Crypto Analyst Sounds Alarm : ‘Last Chance To Buy Bitcoin’

Many cryptocurrency traders try to timing the Bitcoin bottom to purchase. Crypto researchers utilize several indications to determine the ideal moment to purchase Bitcoin. Even if the BTC price set a new all-time high earlier this year, crypto researcher R.N. Elliot has warned of the ideal moment to acquire the leading cryptocurrency.

Time to Buy Bitcoin

The analyst's graphic shows Bitcoin's "Double Zigzag" pattern. As the name says, it has two zigzags that may play out similarly. Since the first pattern is complete, the crypto expert puts BTC at an all-time high over $73,000.

After a drop from $70,000 to $50,000, the analyst feels the second zigzag pattern might develop the same manner, thus it may have already occurred. If this analysis is correct, Bitcoin may rebound from here.

Bitcoin might reach $74,000, a new all-time high, if it recovers. A market-wide gain might also spark another cryptocurrency bull run.

Timing the Bottom with Elliot Wave

Elliot utilizes the famed Elliot Wave method to determine the ideal moment to purchase Bitcoin. This program predicts price swings using waves to indicate bearish and bullish momentum. The crypto expert thinks he has identified an end to the negative trend using this method.

As the zigzag pattern continues, crypto analysts recommend purchasing Bitcoin now. The crypto expert says Bitcoin is in the third Elliot Wave. However, this wave is not a single one with five subwaves predicted.

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