Bitcoin Elliott Wave Forecast - Wednesday, Jan. 5

Simply put, if Bitcoin moves above 50,000 then we can look at the long trade setups, however, currently the 50k has been re-tested on lower volume, so more downside is likely.

Blockchain, Bitcoin, Cryptocurrency, Finance, Business

Image Source: Pexels

Today I take a look at the weekly volume to help confirm the price action and a quick look at the bitcoin miners as they are close to having lows in place.

Video Length: 00:10:05

Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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