Elliott Wave model reveals Bitcoin cycle low

CoinWorld reported: According to CoinWorld, 10x Research tweeted that the Bitcoin Elliott Wave model reveals its cyclical low, predicting the timing and range of the bottom. This model has previously successfully identified several key turning points, including the bear market reversal that began near $112,000. The analysis pointed out that institutions are excessively holding positions of about $3 billion, which has intensified downside risks, while the persistent discount on a certain exchange indicates selling pressure from U.S. institutions. The model provides a roadmap for determining the end phase of the correction and the potential cyclical bottom.