In the long term, Bitcoin is expected to remain in a bull market because fiat currencies continue to depreciate and will not stop for decades or even centuries unless the debt-based currency issuance 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 a five-wave decline. The second wave rebound is halfway through, and after the rebound is complete, the second wave of decline will continue.
In the short term, Bitcoin surged rapidly from 83,800 to around 94,100 in just 2 days. Due to this unusually sharp movement, today's trend is to fill the gap, which lies between 87,600 and 90,000.
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In the long term, Bitcoin is expected to remain in a bull market because fiat currencies continue to depreciate and will not stop for decades or even centuries unless the debt-based currency issuance 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 a five-wave decline. The second wave rebound is halfway through, and after the rebound is complete, the second wave of decline will continue.
In the short term, Bitcoin surged rapidly from 83,800 to around 94,100 in just 2 days. Due to this unusually sharp movement, today's trend is to fill the gap, which lies between 87,600 and 90,000.