Cryptocurrency Market Cap to Head to $246 Billion?

Cryptocurrency Market Cap to Head to $246 Billion?

As BTC-USD reaches new all-time highs, the cryptocurrency market as a whole has attained a new milestone; breaching $200 billion in value. Bitcoin is leading the charge, with the cryptocurrency moving above the $7000 psychological level on November 2. Looking at the chart below, we see a clear pattern of five waves as detailed by Elliot Wave Theory . The market dynamics suggest that the current wave, wave 5, will reach a top somewhere near $246.72 billion before a three-stage corrective period. Source: Coinmarketcap Traders using Elliot Wave Theory are renowned for their preciseness, as well as their infrequent […]