Bitcoin update price BTC flat crypto rising to worst case

Bitcoin lunch: price BTC and crypto is rising. EW analysis, BTC, gold or Rolex?

By now it is lunch time again. We take a look at the live Bitcoin price and the prices of the top 25 crypto. Then we do the Elliott Wave analysis for the BTC price. Then we ask ourselves which is a better investment, BTC or Gold? We also analyze the return of BTC compared to investing in watches like Rolex or Patek Philippe.

We start, of course, with the live Bitcoin price and the prices of the top 25 crypto.

Live Bitcoin price and prices top 25 crypto rise

At the time of writing, the live Bitcoin price is quoting EUR 19,703.98 ($20,755.23). This is 1.74% higher than yesterday around the same time and also higher than during our Bitcoin update from yesterday which appeared later.

The prices of most of the top 25 crypto are also rising. Apart from the stable coins, only Tron (TRX) posted a small loss of 0.93%. The biggest increase is currently for Polygon (MATIC), which is quoting + 24.32%. On the site of you can analyze all live crypto prices 24 hours a day.

Bitcoin Elliott Wave analysis

One of the most important analyses to analyze a trend in the Bitcoin price is the Elliott Wave analysis. By the way, this is a complex analysis. Our colleagues at are happy to explain more about the Elliott Wave crypto analysis.

If we release this Elliott Wave analysis on the Bitcoin price we see that it is in the c-phase of the fourth bear correction wave. So with that, we should still take into account a further price decline. You can see the details in the video analysis below.

Of course, it is always difficult to foresee when that further “leg down” will begin. What we do see is that the Bitcoin options expiring tomorrow are putting a lot of selling pressure on the BTC price.

Is Bitcoin better than gold?

It is often said in crypto that Bitcoin is the digital gold or even better than gold. The question, of course, is whether this is true and whether such a debate makes any sense at all.

In an extensive comparison, experts explain that such a comparison does not make sense. Indeed, there are certain characteristics that BTC and gold share, yet they are too different to compare. For example, while BTC is a risky addition to an investment portfolio (much riskier than gold), its potential returns are also much higher than gold. On the other hand, gold has long proven its reputation as a safe haven and store of value. With that, there is such a difference between the two assets that a comparison and a competition for “the best” cannot be made. You can read the entire comparison between BTC and gold here.

Which gives more return: BTC, gold or a Rolex?

If we look at the returns for the past year, we see that Bitcoin (BTC) has lost 38.49%* of its value in the past year.

The gold price rose 2.92%* over the same period. Thus, in the shorter term, an investment in gold seems to have brought greater returns. Yet there is a category of investment that brings much higher returns. That is investing in classic exclusive watches. Here you can think of brands such as Rolex and Patek Phillipe.

If we look at the subdial50 (the index of the 50 most traded exclusive occasions) we see that the return on this index over the past 12 months has been as high as 31.5%. Incidentally, even there we see that in the last 30 days there was a loss to be recorded (of 6.10% to be exact) this is significantly less than the Bitcoin price, which was 29.44% in the same period.

In addition, we saw earlier that (Rolex) watches can also produce nice returns in the longer term. However, we have to keep in mind that a comparison with the BTC over a longer period of time works out in favor of the largest crypto currency. Of course, past returns offer no guarantee for the future and so we continue to follow the BTC and crypto market to be able to interpret all developments.

Want to stay up to date with the latest price developments?

You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”

* Source:

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