Elliott wave analysis of Bitcoin for October 22, 2021

Bitcoin moved to new all-time highs yesterday. We are looking for more upside in bitcoin with the next target seen at 78,982. However, the odds for upside acceleration way beyond 100,000 remain firmly in place here.

Support is currently seen at 59,955 and then at 59,013. Ideally, the latter will be able to protect the downside for the attack on 78,982.

The material has been provided by InstaForex Company - www.instaforex.com

from RobotFX