{"id":637761,"date":"2024-08-26T07:00:56","date_gmt":"2024-08-26T07:00:56","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=637761"},"modified":"2024-08-26T05:24:48","modified_gmt":"2024-08-26T05:24:48","slug":"last-chance-to-buy-bitcoin","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/bitcoin\/last-chance-to-buy-bitcoin\/","title":{"rendered":"Crypto Analyst Sounds Alarm: Here\u2019s Why It\u2019s Your \u2018Last Chance To Buy Bitcoin\u2019"},"content":{"rendered":"

Trying to time the Bitcoin bottom<\/a> as the perfect time to buy is a pursuit for many cryptocurrency traders. As a result, crypto analysts have used various indicators in the quest to predict the best time to buy Bitcoin. This pursuit has not waned even with the BTC price hitting a new all-time high earlier this year, as crypto analyst R.N. Elliot has sounded the alarm for what he believes is the best time to buy the leading cryptocurrency<\/a>.<\/p>\n

Time To Buy Bitcoin<\/h2>\n

The analyst\u2019s chart points<\/a> to a \u201cDouble Zigzag\u201d pattern that has formed for Bitcoin. As the name implies, it includes two different zigzags, both of which are likely to play out the same way. Since the first pattern has already been completed, which the crypto analyst places with the BTC all-time high above $73,000.<\/p>\n

Related Reading: Bullish XRP Analyst Eyes $7.50 If Crypto Breaks Resistance<\/a><\/div>\n

Since the analyst believes that the second zigzag pattern could form the same way, it\u2019s likely it has already playing out following a crash from $70,000 to below $50,000<\/a>. If this analysis is right, then it could mean that the Bitcoin price is ready to recover from here.<\/p>\n

From here, a Bitcoin recovery<\/a> could put the price above $74,000, which would mean a bran-new all-time high for the pioneer cryptocurrency. Additionally, such a surge would have a market-wide impact, triggering another possible bull run for altcoins alike.<\/p>\n

Using The Elliot Wave To Time The Bottom<\/h2>\n

Elliot\u2019s analysis focuses on the popular Elliot Wave tool <\/a>as a way to predict when would be the best time to start buying Bitcoin. This tool uses a series of waves in an attempt to predict when the price might rise and fall, suggesting periods of bearish and bullish momentum. By applying this tool, the crypto analyst believes he has been able to pinpoint an end to the bearish trend.<\/p>\n

Going by the crypto analyst\u2019s predictions, the time to start buying Bitcoin is now as the zigzag pattern is still in progress. As for the Elliot Wave theory<\/a>, the crypto analyst explains that Bitcoin is in the third wave<\/a>. However, this isn\u2019t a standalone wave with a prediction that it will consist of five subwaves.<\/p>\n

Related Reading: Analyst Predicts 2,200% Explosion Will Send Cardano To $8, Here\u2019s When<\/a><\/div>\n

As this wave progresses, Elliot expects that an \u201cExpanding Diagonal\u201d pattern could be formed. According to the analyst, this pattern usually arises in an unstable market. However, with the formation continuing, he believes that the price will rise.<\/p>\n

The targets for the Bitcoin price<\/a> rally are placed at $84,331.6 for a short wave and $106,219.6 in the event of a longer wave. Regardless of the length of the wave, either of these price points would guarantee a brand-new peak for the pioneer cryptocurrency.<\/p>\n

\"Bitcoin
BTC price forms brittle support at $64,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Trying to time the Bitcoin bottom as the perfect time to buy is a pursuit for many cryptocurrency traders. As a result, crypto analysts have used various indicators in the quest to predict the best time to buy Bitcoin. This pursuit has not waned even with the BTC price hitting a new all-time high earlier this year, as crypto analyst R.N. Elliot has sounded the alarm for what he believes is the best time to buy the leading cryptocurrency. Time To Buy Bitcoin The analyst\u2019s chart points to a \u201cDouble Zigzag\u201d pattern that has formed for Bitcoin. As the name implies, it includes two different zigzags, both of which are likely to play out the same way. Since the first pattern has already been completed, which the crypto analyst places with the BTC all-time high above $73,000. Related Reading: Bullish XRP Analyst Eyes $7.50 If Crypto Breaks Resistance Since the analyst believes that the second zigzag pattern could form the same way, it\u2019s likely it has already playing out following a crash from $70,000 to below $50,000. If this analysis is right, then it could mean that the Bitcoin price is ready to recover from here. From here, a Bitcoin recovery could put the price above $74,000, which would mean a bran-new all-time high for the pioneer cryptocurrency. Additionally, such a surge would have a market-wide impact, triggering another possible bull run for altcoins alike. Using The Elliot Wave To Time The Bottom Elliot\u2019s analysis focuses on the popular Elliot Wave tool as a way to predict when would be the best time to start buying Bitcoin. This tool uses a series of waves in an attempt to predict when the price might rise and fall, suggesting periods of bearish and bullish momentum. By applying this tool, the crypto analyst believes he has been able to pinpoint an end to the bearish trend. Going by the crypto analyst\u2019s predictions, the time to start buying Bitcoin is now as the zigzag pattern is still in progress. As for the Elliot Wave theory, the crypto analyst explains that Bitcoin is in the third wave. However, this isn\u2019t a standalone wave with a prediction that it will consist of five subwaves. Related Reading: Analyst Predicts 2,200% Explosion Will Send Cardano To $8, Here\u2019s When As this wave progresses, Elliot expects that an \u201cExpanding Diagonal\u201d pattern could be formed. According to the analyst, this pattern usually arises in an unstable market. However, with the formation continuing, he believes that the price will rise. The targets for the Bitcoin price rally are placed at $84,331.6 for a short wave and $106,219.6 in the event of a longer wave. Regardless of the length of the wave, either of these price points would guarantee a brand-new peak for the pioneer cryptocurrency. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":637763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-637761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nCrypto Analyst Sounds Alarm: Here\u2019s Why It\u2019s Your \u2018Last Chance To Buy Bitcoin\u2019<\/title>\n<meta name=\"description\" content=\"Trying to time the Bitcoin bottom as the perfect time to buy is a pursuit for many cryptocurrency 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/www.ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Sounds Alarm: Here\u2019s Why It\u2019s Your \u2018Last Chance To Buy Bitcoin\u2019","url":"http:\/\/www.ktsl888.com\/news\/bitcoin\/last-chance-to-buy-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.ktsl888.com\/news\/bitcoin\/last-chance-to-buy-bitcoin\/"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin_f497ab.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin_f497ab.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2024-08-26T07:00:56Z","datePublished":"2024-08-26T07:00:56Z","dateModified":"2024-08-26T07:00:56Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Sounds Alarm: Here\\u2019s Why It\\u2019s Your \\u2018Last Chance To Buy Bitcoin\\u2019\",\"url\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/bitcoin\\\/last-chance-to-buy-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/bitcoin\\\/last-chance-to-buy-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Bitcoin_f497ab.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/Bitcoin_f497ab.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-08-26T07:00:56Z\",\"datePublished\":\"2024-08-26T07:00:56Z\",\"dateModified\":\"2024-08-26T07:00:56Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/08\/Bitcoin_f497ab.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/637761"}],"collection":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/comments?post=637761"}],"version-history":[{"count":0,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/637761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media\/637763"}],"wp:attachment":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media?parent=637761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/categories?post=637761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/tags?post=637761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}