I had initially provided rough counts for wave 3 to be between $33 - $38k with a possible extension into the $50k zone (please see linked ideas below). We saw the 24.3k break and retest completed successfully and as forecasted the successful break of that level has propelled BTC towards my initial Wave 3 projection of 29.8k - 31.7k.
I mentioned the likely possibility for BTC to achieve extended wave 3 levels because of it's tendency to overshoot which brings my next target to the first of these extensions of 36.2k. Now, the second extended projection level is at 46.4k, before placing too much focus on it, let's see how this plays out and whether BTC can achieve the first extension level.
I feel I should mention... this is a sub-wave count of a larger wave 1 in play but at this moment in time I am not entertaining that far ahead. What I would add to that note is that I am expecting BTC to achieve much higher six figure levels in the coming years.
There is a further 'third' extended projection for this wave, more on that level once we are closer to it.
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