Fresh new data and more information of significant factors brings me to a new deliberate prediction.
The corrective wave that we are in is not a usual corrective wave. It could make twice as long as the two previous corrective waves in 2014 and 2018, an ABC move from a larger degree of Elliot Wave (Could be a wave 4 from the whole BTC movement since 2009).
Currently we are in a bear market rally that potentially will bring BTC up to 25k, from there the corrective move will continue to the bottom which potentially at 8k in early 2024.
I still believe potential Fed pivot will be around Q4 2023-Q1 2024 and inflation at that time will probably sits around 2-3%. 3% is good enough to restart the Quantitative Easing.
Due to the longer corrective wave, 4th BTC Halving in Q2 2024 will occur in the 1st wave, not the same with the last three halvings that occured in the 3rd wave.
This also means that we are approximately one year away from the beginning of a new bull market that potentially will make BTC going up to 140k or 1600% from 8k. Expect more business entities to collapse, more lay-offs and rising unemployment which also means rising in crime rates. Take care and survive!
The corrective wave that we are in is not a usual corrective wave. It could make twice as long as the two previous corrective waves in 2014 and 2018, an ABC move from a larger degree of Elliot Wave (Could be a wave 4 from the whole BTC movement since 2009).
Currently we are in a bear market rally that potentially will bring BTC up to 25k, from there the corrective move will continue to the bottom which potentially at 8k in early 2024.
I still believe potential Fed pivot will be around Q4 2023-Q1 2024 and inflation at that time will probably sits around 2-3%. 3% is good enough to restart the Quantitative Easing.
Due to the longer corrective wave, 4th BTC Halving in Q2 2024 will occur in the 1st wave, not the same with the last three halvings that occured in the 3rd wave.
This also means that we are approximately one year away from the beginning of a new bull market that potentially will make BTC going up to 140k or 1600% from 8k. Expect more business entities to collapse, more lay-offs and rising unemployment which also means rising in crime rates. Take care and survive!