Bitcoin BTC Forecast: Trump Wins, What’s Next for Crypto?
2024-11-07

Hello, Skyrexians!

Earlier this year we made the predictions for Bitcoin and Ethereum. We assumed that price has finished the wave 4 for Bitcoin and wave 2 for Ethereum. Here you can find predictions:

  

  

Today it looks like our forecasts are playing great. Trump won the elections in USA and cryptocurrency showed us the significant growth in one day. Bitcoin was even able to set the new ATH, some altcoins are also feel good. In today's article we are going to discuss if Trump really triggered new wave of bull run, or this is just a fake pump and soon we will see huge crash. 

 Navigating Bitcoin bull run: where is the final target 

First of all let's take a look at the entire bull run which started at $15k. We can see on the chart below the beautiful impulsive wave.

  

This bull run shall consists of 5 Elliott waves. Maximum Awesome Oscillator value corresponds to the wave 3. Then we have seen the corrective wave 4 to 0.5 Fibonacci level. Look at this perfect touch! Do you remember the panic on the market on August 5? But we were sure that this is the end of dump. Awesome Oscillator crossed zero line also at this period of time. It was the early indiction that all this annoying correction is almost done. Then we saw the growth with the new ATH for Bitcoin. 

Now price is printing the wave 5. Where is the target? Using our methods we predict the finish of bull run in the range between $85k and $107k. If you noticed - targets are unchanged! So, we suppose that bull run for  BINANCE:BTCUSDT  is almost over. It will continue climbing up on this optimism, but not so far. Now let's try to understand more global price action.
