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RocketBomb
Mar 3, 2021 11:30 AM

Possible scenario on the next fate of Bitcoin!Β 

Bitcoin / U.S. dollarBitstamp

Description

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Hi, quick update on mid-term perspective of Bitcoin using Elliot waves!



Take Your profits by growth! Ans stay safe!
If You wanna know more about Elliot waves, read my edu post!πŸ‘‡



Stay tuned by Rocket BombπŸš€πŸ’£
Comments
The_Silen
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Price target is at least 100k and the earliest time for a Bitcoin crash is Mid May (The crash usually comes in between 1-1,5 years after the halving). Could also be till the end of the year before Bitcoin crashes ~70% and it could reach up to 600k before that, something between 100-300k is much more realistic though. Demand is still high and the halving run is far from over.
jdindle
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@The_Silen, it wouldnt hit 600k, if it goes over 120 before EOY it will crash, if not bull market will last longer
The_Silen
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@jdindle, Yeah 600k is extremely unlikely but not completely impossible. I dont see any way how Bitcoin will not crash before the end of the year as we'd be 1,6 years in the halving run then (longer than the 2 previous ones) and the current pace is wayy to fast to sustain such a duration. Remember, Bitcoin accelerates before it crashes and if you say 120 EOY it would have to significantly slow down which is not going to happen in this volatile market.
Sy-Gerder
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@The_Silen, Nightingales sing and sing, but not all omens come true ...
The_Silen
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@Sy-Gerder, true!
lcharles1001
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@The_Silen, many things can hapen, like regulations and hacked systems, the more value, more threat.
The_Silen
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@ALVES.54s, totally agreed, many things can happen.

More threat of a hacking of the Bitcoin system with rising value? No.
That's exactly the opposite of how Bitcoin was designed. The more value, the safer it is.

More threat of regulations with rising value? Definitely.
But also keep in mind it's incredibly tough to regulate Bitcoin in countries with proper legal systems (NOT Nigeria, NOT India, NOT Hong Kong) as your stored Bitcoins are basically just a mathematical code that you could write on a paper - it's hard to completely forbid something like that.
neofx11
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Oh fuck here we go again!

You’re truly a Ruski indeed: hardheaded and don’t learn haha.

I told you don’t even think about getting out till 100k! Most likely $146-220k this year.

I’ll say it for the last time and hope you can remember:

BITCOIN IS NEVER GOING DOWN BELOW 30k EVER AGAIN!!

You have to look at the macro picture and with the US ETF coming this year well.......you can imagine the rest I’m sure
FallingWedge
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@neofx11 why you act so hard on ukrainian girl? does this bearish predictions hurts your bullish feelings?
neofx11
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@FallingWedge, of course not. it's just factually wrong! I tease her with love lol

but this is more likely to happen by April
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