BitcoinLong
$BTC monthly trajectory with price targets
Premise for this projection is the replication of the 2013/2014 fractal and following the fibs:
What we saw in 2019 was actually a harsh rejection from the 0.702 fib level which resulted in a retracement down to the 0 level ($3850). Getting back up ever since BTC is now facing again the 0.702 level with a rejection yet again (in April). BUT, so far the rejection was only a soft one down to the 0.618 level (47k). If it's correcting down further to the
42K or even 38k level it's still really bullish since it's still above the 0.5 fib level. So if we stay bullish we will really quickly see a 250k blow off top, followed by a retracement to 130k (0.618) and a few months of consolidation before going parabolic again capped by the 1.618 fib extension (2.5m: new blow-off top)
What we saw in 2019 was actually a harsh rejection from the 0.702 fib level which resulted in a retracement down to the 0 level ($3850). Getting back up ever since BTC is now facing again the 0.702 level with a rejection yet again (in April). BUT, so far the rejection was only a soft one down to the 0.618 level (47k). If it's correcting down further to the
42K or even 38k level it's still really bullish since it's still above the 0.5 fib level. So if we stay bullish we will really quickly see a 250k blow off top, followed by a retracement to 130k (0.618) and a few months of consolidation before going parabolic again capped by the 1.618 fib extension (2.5m: new blow-off top)
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