BitcoinLong
BTC: $75k? A Step Back and A Look Forward.
Ticker: BTCUSD
Time Frame: Daily/3 Years
Quick long shot bull scenario after stepping back from the minutia. If all holds well we could see $40-50k BTC by this time next year with a retracement possible to $12-15k afterwards ending around Feb-Apr of next year.
This count can quickly be invalidated if our daily candles close below $6444 before the next rise above 10k and then 12k.
Right now we're in a contradictory descending triangle which indicates a possible break down to lower lows.
I'm expecting at least an 8%-14% pull back within the next week and if that is broken then a 14%-21% pullback in the next two weeks then invalidating this count leading me to look for the roughly 30% pullback over the next month. Taking us back to $4-5k.
If this count is gospel we'll see a 75k BTC at the end of wave 5 before our first total market correction, possibly to 20k BTC. I hold no weight to this final target.
BTCUSDTime Frame: Daily/3 Years
Quick long shot bull scenario after stepping back from the minutia. If all holds well we could see $40-50k BTC by this time next year with a retracement possible to $12-15k afterwards ending around Feb-Apr of next year.
This count can quickly be invalidated if our daily candles close below $6444 before the next rise above 10k and then 12k.
Right now we're in a contradictory descending triangle which indicates a possible break down to lower lows.
I'm expecting at least an 8%-14% pull back within the next week and if that is broken then a 14%-21% pullback in the next two weeks then invalidating this count leading me to look for the roughly 30% pullback over the next month. Taking us back to $4-5k.
If this count is gospel we'll see a 75k BTC at the end of wave 5 before our first total market correction, possibly to 20k BTC. I hold no weight to this final target.
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