Bitcoin: Bearish Sentiment Confirmed, Elliott Wave Invalidated

Bitcoin: Bearish Sentiment Confirmed, Elliott Wave Invalidated


Seeking Alpha
2022-05-11 21:10:22

A technical analysis follow-up on Bitcoin amid the steep decline in the cryptocurrency's price.The Elliott Wave on Bitcoin's candle chart has been invalidated with the break below the low created by the fourth wave.Bearish sentiment has been confirmed, additional support levels worth monitoring are provided.