In Bitcoin BTCUSD , we now have eclipsed several hurdles to reach an undeniable weekly situation. These measured realities denote an accelerated/excited state of price action that now establishes the long-term objective at the 8000 level. A distinct pattern @ 7800 along with a unique structure withe final 2.618 extension @ 8200 is now valid with the immediate breakout to reach these targets by early next year. Also, the immediate 3.14 extension @ 9300 serves as a top-end possibility ON THIS MOVE.
This is a "longer-term road map" but we are in the acceleration phase that frequently experiences volatile behavior, especially with the Pattern. The previous peak at 5000 is now immediate support. This scenario demands that immediate continuation be realized - day over day, need higher highs, higher lows - so short-term pullbacks on 15min basis serve as an ideal timeframe to position for this move ...5k -> 8k then we see.
2 Cents on Bitcoin et al 10 Years from Now - Digital payment systems eventually will make the world an economy where no paper money is utilized in the exchange of goods and services. So, the Crypto phenomenon is only growing. I recommend accumulating the likes of these - especially when they nose-dive 30-50% as they did last month, and speculating on others.
Crypto-Harmonic Framework: Please review my prior posts on BTCUSD , ETHUSD , LTCUSD to learn more about the nature of these markets. The movements have been SPECTACULARLY HARMONIC! The next move might be the one that blows people away the most, as I am not counting out a possibility of a run to 10k in a BIG PARABOLIC SPIKE! Stay with the measurements of the framework as they have been a reliable roadmap to navigate this amazing vehicle.