Now, I know $500k sounds like pure hopium, but read this.
Bitcoin has got a history of defying the odds, with gains of +1500%, +10,000% to even +60,000% in the not so distant past!
See these green lines and orange zones? Those could be our pitstops on the way to half a million, according to this simple Fibonacci analysis .
Here's the important part: This is all about percentages, not the overwhelming dollar signs! Sure, $15k to $500k sounds like a lot (it is!), but compared to Bitcoin's past, it's not THAT crazy. Remember the jump from $150 to $20k ? That's an 11,000% increase! This chart suggests something similar percentage-wise.
So, what do YOU think? Is $500k Bitcoin a dream or a possibility? Let me know in the comments and share your thoughts!
Bitcoin has got a history of defying the odds, with gains of +1500%, +10,000% to even +60,000% in the not so distant past!
See these green lines and orange zones? Those could be our pitstops on the way to half a million, according to this simple Fibonacci analysis .
Here's the important part: This is all about percentages, not the overwhelming dollar signs! Sure, $15k to $500k sounds like a lot (it is!), but compared to Bitcoin's past, it's not THAT crazy. Remember the jump from $150 to $20k ? That's an 11,000% increase! This chart suggests something similar percentage-wise.
So, what do YOU think? Is $500k Bitcoin a dream or a possibility? Let me know in the comments and share your thoughts!
Comment:
It's like we got a Leading Diagonal wave i and just finished wave ii as price reversed exactly from the 61.8% retracement level.
In my opinion it's not worth it to keep a long position if price drops below 67.500$ and even less if it closes below 66.200$ which is the 78.6% retracement level.
In my opinion it's not worth it to keep a long position if price drops below 67.500$ and even less if it closes below 66.200$ which is the 78.6% retracement level.
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Don't forget my public Telegram channel -
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Thanks !
Based on current technical analysis, I'm seeing indications of a possible Triangle pattern forming.
In Elliott Wave Theory, triangles appear in the fourth wave of a five-wave impulsive move, suggesting a potential final upwards move before a bigger correction unfolds.
However, the steepness of this potential wave (e) is concerning.
It's steeper than I'd prefer, which adds a layer of complexity to my analysis.