As mentioned in our previous update, a retrace down to 47k at fib 0.236 would be acceptable as a shallow retrace, something that happened.
now as bitcoin broke the downtrend, a new update with mid-term targets has been added.
in this scenario, bitcoin will climb as high as 111k in this wave 3 before having a steep wave 4 retrace, forcing the leading cryptocurrency by market cap to lose over 50% of its market cap (target wave 4 ~53k).
the projection of wave 5 is about 138k. At this point, i do believe that this wave is just the i of wave 3.
you are welcome to comment.
PS: not a financial advice!
now as bitcoin broke the downtrend, a new update with mid-term targets has been added.
in this scenario, bitcoin will climb as high as 111k in this wave 3 before having a steep wave 4 retrace, forcing the leading cryptocurrency by market cap to lose over 50% of its market cap (target wave 4 ~53k).
the projection of wave 5 is about 138k. At this point, i do believe that this wave is just the i of wave 3.
you are welcome to comment.
PS: not a financial advice!