Decodingthemarket

Only 3 Scenarios for #Bitcoin to Reach 100k by the EOY

Long
INDEX:BTCUSD   Bitcoin
The price must find solid support and 3 key levels and 3 Performances as:

3 Key Levels of Support

1- Downward wedge line to 53,800 the lowest
2- Trillion level to 53,000 K
3- Major Rasing Trendline

3 Performances:

1- It should be like it did in the uptrend from Jan 19 to Feb 21, topping the 1 trillion market cap for the first time and the beginning of the Wyckoff Events and Phases structure gaining 100% from 29K to
58.5K with only 36 Days Left vs 33 Days Rise

2- Price should rise like it did from the beginning of the Wyckoff Events and Phases Structure Jan 19 to May 07 before price dropped 51.27%
with only 36 Days Left vs 108 Days Wyckoff Events and Phases Structure Before the 51.27% Drop

3- Price must flipped the 51.27% dropped from May 07 to July 18 when hitted below 29K
from now on price must rise gradually until reach the 51.27% with and Daily increase average price of 1188.00 to target 100k only with 36Days Left vs 72 Days dropped

NOTE: Price Line Extension (Green, Yellow, and White) is Only a Visual Representation how Price May Move in the Near Future
with Unknown Specific Time Frame Depending on the Speed of the Price and Variables of the market
NFA
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