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Bitcoin: Here's Why the Push Above $20,000 Was in the Cards

Currencies / Bitcoin Dec 21, 2017 - 11:01 AM GMT

By: EWI

Currencies

Bitcoin: Here's Why the Push Above $20,000 Was in the Cards

 


 


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EWI's FX analysts now provide cryptocurrency coverage. Now, investors who follow and trade Bitcoin can see what is most likely to happen next -- on multiple degrees and in both directions.

And the CME and CBOE just launched Bitcoin futures, so you can participate on stable exchanges.

To our best knowledge, The Elliott Wave Theorist was the first financial publication in the world to discuss Bitcoin. Bitcoin began in 2009. When it hit 6 cents in September 2010, amidst obscurity, skepticism and disinterest, our Theorist explained the digital currency to subscribers and said it had the potential to become the world's currency. As everyone now knows, Bitcoin recently traded at $20,000.

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Your Cryptocurrency Pro Service subscription puts a team of Forex experts in your corner. Their goal is to make sure that day-by-day, you have the latest Elliott wave coverage for Bitcoin. To start, we will provide Bitcoin coverage several times a day. As demand proves out, we'll increase our frequency. If other cryptocoin futures become available, we'll cover them.

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As a Cryptocurrency Pro Service subscriber, you also get opportunity alerts in currencies. Your Pro Services Forex team scours all FX markets for dramatic setups for you. That's when a market has reached a low-risk, high-reward juncture in its wave pattern. You'll find the alerts in the Opportunities section of your Pro Services portal.

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Once a week, your currency analysts prepare a video to help you prepare for the week ahead. Sit back and watch as our analysts reveal the markets that are on their radar and should be on yours -- including Bitcoin. Then, each day, market veteran Murray Gunn posts his Currency Insights column. The inimitable analyst calls your attention to an overlooked but powerful wave-generated undercurrent moving FX. These videos and columns are required viewing and reading for all serious currency followers.

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This offer is good until 12 midnight, Eastern time, on December 31, 2017. Starting January 1, we go to full price.

This article was syndicated by Elliott Wave International and was originally published under the headline Bitcoin: Here's Why the Push Above $20,000 Was in the Cards. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.


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