Analyst Predicts Bitcoin Price Breakdown — Here’s The Best Time To Buy
2025-07-09 12:15:38
Main Idea
Crypto analyst Xanrox predicts a potential Bitcoin price breakdown and identifies the best time to buy, using Elliot Wave Theory and Fibonacci retracement levels.
Key Points
1. Bitcoin price briefly surpassed $110,000 before retracting, which analyst Xanrox calls a 'bull trap' or bearish signal.
2. Xanrox applies Elliot Wave Theory, indicating Wave 1 is complete and Wave 2 (bearish) is underway, with Wave 3 expected to be more bullish.
3. The 0.618 Fibonacci retracement level at $102,909 is identified as the optimal entry point for buying Bitcoin.
4. An unfilled Fair Value Gap (FVG) between $102,000 and $104,000 is expected to fill quickly during the retracement.
5. If Wave 2 completes, Wave 3 could drive Bitcoin toward new all-time highs.
Description
The Bitcoin price continues to trend very close to its all-time high levels and has dominated the market in terms of gains over the last few months. Given how much the price has grown during this time period, expectations have begun to skew toward a possible drawdown as the price moves to correct after continuously moving upward. This is highlighted by crypto analyst Xanrox, who has warned investors of an impending Bitcoin price crash and revealed the best time to actually buy the digital asset....
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