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Bitcoin Price To $130,000 By January, Here’s The Roadmap

NewsBTC LogoNewsBTC13h ago

Bitcoin Price To $130,000 By January, Here’s The Roadmap - NewsBTC

Quick Summary:

Together, these tools allowed Xanrox to not only pinpoint a journey to the $130,000 target but also a sharp retracement to $60,000,  Bitcoin Price Roadmap To $130,000 Taking to TradingView to share his views, crypto analyst Xanrox highlighted that the Bitcoin price is now on its way to playing out the fifth Elliot impulse wave, having already completed the fourth impulse wave in August.

Drawing on patterns, he noted that Bitcoin’s previous waves have experienced significant corrections between 70% and 80% once the impulse wave cycle concludes.  For this reason, Xanrox predicted that Bitcoin could crash rapidly to $60,000 after reaching $130,000, likely by January 2025.

Related Reading: Crypto Analyst Identifies Bull Flag That Could Send Solana Price To $1,400 Impulse waves, which are five in total, are a part of the two main types of waves in the Elliot Wave theory, with the other being corrective waves.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 21:00:36 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23094422

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Update Frequency: 11 posts per day

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