obviously last cycle 2018-2022 is repeating right now but important point i want to say is we should pay attention to each 78% correction of each ATH, i think any price under 78% correction is a noise and causes mistakes in wave structure and it's calculations.
in trading and trade of any assets you must recognize main fibonacci levels and their midways, this will be a light in the darkness. main fibonacci sequences: 0,1,2,3,5,8,13,21,34,55,89,144,233,377, ... for example in macro world even Sun rotates around our galaxy in 233 million years. but about midways sequences for example 34/2=17 or 55/2=27 or 89/2=44 ...
parallel channel with considering important support and resistance points shows target around 300K+ by september 2025.
i think 150K target by September 2025 or sooner be more reasonable to me.
seems be possible to see price around 222K by September 2025. not financial advice
self-explainatory chart. it's just repeat of last cycle and i combine it with fibonacci key levels. (not financial advice)
for sure weakness of dollar index causes big movements in markets and if this be like 2015-2018 we can see price around 500K+
i think it's a obvious breakout that we can expect, i think 39-41K be in range for sure....
this idea is a revision to my 8th April's idea....
chart doesn't lie! fibonacci predicts 27 trillion market cap for this cycle, i don't know bitcoin and altcoins what targets would have but it will be seriously extreme.
rally for bitcoin will continue until January 2024 then a correction before halving and skyrocket...
i personally think this scenario can happen in this cycle :)
my time analysis is perfect and don't go anywhere far :)
simplicity is the key! markets always move based on a specific fractal if data be available.
if trend of 2015-2018 happen once again i think 1 million dollar per coin is not off the table...
i think by end of year it can hit fibonacci levels 0.5 or 0.618 but if suddenly hit level 0.786 i won't be surprised...
i don't know what is happening to current fiat money system or global economy but gold is going to go parabolic and sky will be limit.