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Seeking Alpha 2022-04-30 05:38:11

Bitcoin: Elliott Wave Is Still Intact

This is a technical analysis prediction on Bitcoin utilizing the Elliott Wave Theory and Fibonacci extension.The Elliott Wave is still intact on Bitcoin's chart, indicating Bitcoin is still moving in a bullish channel.Looking at the monthly chart, I think May is going to be an interesting month for Bitcoin.I will remain bullish on Bitcoin as the Elliott Wave stays course; breaks below critical supports could invalidate bullish sentiment.

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