Bitcoin / TetherUS

Bitcoin NEoWave Analysis Based on 6M Cash Data

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Cash Data 6M

In the 6-month cash data for Bitcoin, it appears that a Running Neutral Triangle is forming and we are currently in wave-D of this triangle. Based on the previous mid-term Bitcoin analysis, as long as Bitcoin’s price remains above $70,000 there is potential for the price to rise to $150,000. Therefore, wave-D of the neutral triangle could expand and grow larger.

Until wave-D is complete, we cannot accurately predict the endpoint of wave-E( The label-E shown in the image is not precise and will likely change) However, after wave-D concludes, the price will experience at least a 50% correction to complete wave-E of the triangle, followed by a strong upward move in Bitcoin.

The analysis will be updated once wave-D is complete.

Good luck
NEoWave Chart

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