Globalization and new technologies have incentivized the growth of the cryptocurrency market, which has meant that they are included in the usual trading assets.Since so far its market value has been wrapped in a cloak of speculation and volatility, we must ask ourselves, can we anticipate in a short and long time, the market value of a cryptocurrency?Under this premise, in this article we will perform the analysis of the prices of Bitcoin, the most capitalized digital currency in the market, applying the basic principles of the Elliott waves technique.We will observe that this technique yields a margin of effectiveness in prediction quite acceptable, and given the simplicity of its structure, it will be a tool that can be used by any person interested in the cryptocurrency market.