Long article about Bitcoin
(This is not investment advice, just a trend analysis article to evaluate the market)
Bitcoin is taking the first steps of wave 3 on frame D of the Elliott wave. In February, the price target is estimated to reach over 61,000 to 64,000 USD. Let's predict Bitcoin's price targets for the next 3 months:
1. Currently in the H4 frame, Bitcoin has grown at the 100% Fibonacci level, reaching $61,000. The price target in this area could reach the 127.2% Fib, estimated at $64,000 or lower. In this area you can consider selling a part. No fomo to jump ship
2. March may have a correction of 50%, estimated to decrease to the area of 49,000 - 53,000 USD. This wave zone could be even higher because the fomo wave is too strong in Bitcoin's growth area. The bottom of 49400 is very difficult to break and can be considered an extremely strong pump area for Bitcoin to reach a new peak.
3. Also in March, or at the latest in April, we predict that Bitcoin can reach a new peak with the Fibonacci level growing due to the wave extending 3 times, touching 2 new fibonacci levels at the $100,000 mark and then reaching the all-time high at $220,000. I repeat, $220,000, $225,000 to be exact.
You may consider this prediction crazy, but we measure it purely by technical factors, Fibonacci and corresponding growth milestones. We predict that in the first half of this year, in March or April Bitcoin will peak at $225,000 and then turn down, at least below $200,000.
Let's follow the next developments of Bitcoin, we hope you will enjoy this analysis and consider it as a guide to participate in the trading market. Again: This is not investment advice, just a trend analysis so you can have a more comprehensive view of the current market. All analysis is subjective, based on analysis and evaluation using technical factors and measurements. Thank you!
(This is not investment advice, just a trend analysis article to evaluate the market)
Bitcoin is taking the first steps of wave 3 on frame D of the Elliott wave. In February, the price target is estimated to reach over 61,000 to 64,000 USD. Let's predict Bitcoin's price targets for the next 3 months:
1. Currently in the H4 frame, Bitcoin has grown at the 100% Fibonacci level, reaching $61,000. The price target in this area could reach the 127.2% Fib, estimated at $64,000 or lower. In this area you can consider selling a part. No fomo to jump ship
2. March may have a correction of 50%, estimated to decrease to the area of 49,000 - 53,000 USD. This wave zone could be even higher because the fomo wave is too strong in Bitcoin's growth area. The bottom of 49400 is very difficult to break and can be considered an extremely strong pump area for Bitcoin to reach a new peak.
3. Also in March, or at the latest in April, we predict that Bitcoin can reach a new peak with the Fibonacci level growing due to the wave extending 3 times, touching 2 new fibonacci levels at the $100,000 mark and then reaching the all-time high at $220,000. I repeat, $220,000, $225,000 to be exact.
You may consider this prediction crazy, but we measure it purely by technical factors, Fibonacci and corresponding growth milestones. We predict that in the first half of this year, in March or April Bitcoin will peak at $225,000 and then turn down, at least below $200,000.
Let's follow the next developments of Bitcoin, we hope you will enjoy this analysis and consider it as a guide to participate in the trading market. Again: This is not investment advice, just a trend analysis so you can have a more comprehensive view of the current market. All analysis is subjective, based on analysis and evaluation using technical factors and measurements. Thank you!