Bitcoin
Long

Elliot Wave & Fib Projection Analysis

176
(Weekly) Chart shows a Fib runup to $146k as a target zone by end-of-year. This is substantiated by the stock-to-flow model, the recent Golden Cross pattern completion, and recent price action off of the low of $28.8k. However, RSI is wavering in its middle position suggesting that there may be volatility between now and the beginning of a strong bull movement. Price could go any direction on an hourly or daily timeframe. The length of the Elliot Wave 4 to 5 points are speculative based on its rise from the 0 to 1 points. It possibly could go higher based on the length of the 2 to 3 rise, but this would be optimistic. Set your price target accordingly.

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