After each bear market, Bitcoin eventually makes a new all-time high. This new ATH always comes AFTER the next BTC halving. The historical timespan between each halving and BTC's next ATH can help us estimate the date of the next new ATH above $69k. Cycle 2: Timespan between halving and ATH: 77 days Cycle 3: Timespan between halving and ATH: 224 days Cycle 4:...
A path for BTC to $100k, if recent history can repeat itself.
BTC's momentum coincides quite impressively of late with the lunar cycles. Full moons tend to be at lows and usher in periods of upward momentum.
If the trend continues, it could look like this.
This analysis uses an Elliott Impulse Wave pattern to predict BTC's move to 90k by the end of May. Fingers crossed.
If we repeat the last mini cycle, we should hit 85k before the next 30% correction.
This very bullish idea taking BTC to 61k+ will require a good dose of fomo and media catalysts. But I think it's possible, given BTC's history of major pumps. I think the chart speaks for itself. I am new to Elliott waves, so if you see something wrong with my chart, please let me know in the comments below. Thanks.
This chart shows the major retracements since 2017.
In 2021, BTC price has fluctuated with the tweets and tribulations of Elon Musk.
BTC will continue to drop until it finds support at resistance of previous correction.