Latest Bitcoin Projection - Peak #1 between Jan-March 2022
Here is my latest Bitcoin Projection. This longish bear trend is almost over! I projected a few months ago, that it would hit its lowest peak between early - middle October. My guess was around October 9.
After that, we should swing upwards to our previous high, at which point we will level out from selling pressure. But by then, its too late, the price will have sent people into a frenzy again, and Bitcoin will quickly launch towards the end of its current projected target of $112,000.
Target dates are based on a personal theory of wave cycle lengths increasing by 1.618x (not many measurements can be taken). However, this theory fits with current Bitcoin trend.
After that, we should swing upwards to our previous high, at which point we will level out from selling pressure. But by then, its too late, the price will have sent people into a frenzy again, and Bitcoin will quickly launch towards the end of its current projected target of $112,000.
Target dates are based on a personal theory of wave cycle lengths increasing by 1.618x (not many measurements can be taken). However, this theory fits with current Bitcoin trend.
Comment:
BTC update: The Price has passed the previous resistance/high point (52k), which at this point we can say the bearish trend has reversed. We will see consolidation at this wall, the green line, which I think we should be able to break upwards out of. At this point, we should be able to hit the ATH one more time, or even higher - maybe 66k-70k. And at that point we will head back down. This will be healthy for the overall bull run.
Comment:
Here's a better overall look at the pattern, compared to the original post, along with the trendlines drawn in.
Comment:
Looking good!
