• 10x Newsletter
  • Posts
  • 🚀 Bitcoin's Spectacular 27% Rally Raises Caution Flags: Here's Why

🚀 Bitcoin's Spectacular 27% Rally Raises Caution Flags: Here's Why

Institutional Crypto Research Written by Experts

👇1-10) Four weeks ago, on Friday, January 26, we turned tactically bullish. In the post-ETF launch period, Bitcoin had declined from 47,500 to 38,500 – marginally missing our 38,000 target. This was quite a controversial call, but it turned out correctly.

👇2-10) Our Elliot-Wave analysis on that Friday confirmed that wave (4) was completed at 38,500 when Bitcoin reversed back to 40,100, and 10x Research projected a solid rally to 52,671. The magnitude of this rally also surprised many traders; two explanations were ETF buying and the Chinese New Year, which always saw Bitcoin prices rallying.

Subscribe to Premium Membership to read the rest.

Become a paying subscriber of Premium Membership to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In

A subscription gets you:
Receive concise, unrivalled informative crypto trading strategy reports (2-4x per week).
In just 10 paragraphs, unraveling the complexities and market structure of crypto and its dynamic landscape.
Insights into the intersection of crypto, regulations, macroeconomic trends, and policy shifts.
Apply to join subscriber ONLY Telegram Group. (Please read our Terms and Conditions and Disclaimer @ www.10xResearch.co))