Elliott Wave Analysis

Coinbase Breaking Higher, Bitcoin To Follow Soon?Jun 25, 2025

Coinbase has been trading very nicely to the upside over the last two weeks, and it’s now even breaking the previous highs from December in pre-market. This suggests we’re in a fifth wave, but even this leg should be structured by five waves, so there’s room for more upside—even above the 400 level. If we respect the past cycles and compare it with Bitcoin, then clearly Bitcoin is lagging here. Still, while Coinbase is in this bull run, sooner or later, Bitcoin should also join the strength.

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