Short and long term analysis of Bitcoin, Successive surprises
Bitcoin is currently at the ceiling and drops to $17,000 range in 2024, then rises to $65,000 in 2025, near the last ceiling.
After that, from the beginning of 2026, the big crash will start and Bitcoin will fall to $175.
The last part of this analysis is very bold.
@JalilRafieefard
28 Dec 2023
After that, from the beginning of 2026, the big crash will start and Bitcoin will fall to $175.
The last part of this analysis is very bold.
@JalilRafieefard
28 Dec 2023
Comment:
My idea for the above analysis is based on this wave count
Comment:
The fundamental analysis of the above analysis is:
The high level of government debt in developed countries, especially the United States, is the fragile political and geopolitical situation of the world, which can create a new crisis in addition to the current crises, and the inflation that occurred in 2022-2023 will increase to higher numbers in the coming years, and then America and developed countries will be forced to control inflation. This pushes interest rates up to much higher numbers, resulting in a very strong dollar and almost all global assets experiencing sharp declines. A bigger crisis than the crisis of 1930 is ahead.
The high level of government debt in developed countries, especially the United States, is the fragile political and geopolitical situation of the world, which can create a new crisis in addition to the current crises, and the inflation that occurred in 2022-2023 will increase to higher numbers in the coming years, and then America and developed countries will be forced to control inflation. This pushes interest rates up to much higher numbers, resulting in a very strong dollar and almost all global assets experiencing sharp declines. A bigger crisis than the crisis of 1930 is ahead.
Comment:
Complete Elliott wave count for BTCUSD
Comment:
Bitcoin will fluctuate between $37,000 and $47,000 until April 2024, after which the price will move in the indicated direction.
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