Bitcoin to Hit $100,000 in a Cycle Degree Top
Bitcoin has been subdividing higher fairly normally in an extended wave 3 of 5. Currently we have no indication wave 4 is done retracing and/or consolidating. That only is confirmed when price breaks back above the recent highs just below 100k.
However, upon getting into our wave 5 target box, and in the larger perspective...Bitcoin is topping in a Cycle wave I. This will occur despite the halving, and more to do with the potential top in the equity markets I am seeing now. As a risk asset, Bitcoin will enter a longer term retracement, counter to much of what your hear on the financial news or read.
I don't often update on Bitcoin, so I recommend followers keep this chart handy if involved with Bitcoin.
Best to all,
Chris
However, upon getting into our wave 5 target box, and in the larger perspective...Bitcoin is topping in a Cycle wave I. This will occur despite the halving, and more to do with the potential top in the equity markets I am seeing now. As a risk asset, Bitcoin will enter a longer term retracement, counter to much of what your hear on the financial news or read.
I don't often update on Bitcoin, so I recommend followers keep this chart handy if involved with Bitcoin.
Best to all,
Chris
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.