BTC is headed to $49K by Christmas
Minute wave iv is finishing in the next few hours. Any drop to the 34.7K to the 35K should be a good dip buy opportunity.
There is good support in this area since flipping it from resistances starting Oct 23rd. Minute wave iii went up from $26537 to $37999, a $11462 price gain. Typically in BTC the 5th wave is a larger price gain than wave iii. I'm expecting a 1.272 Fib extension of wave iii: 1.272 x $11462 = $14580. That kind of price gain from the $34700 to $35000 support area would take BTC to $49280 to $49580 by Christmas.
There is good support in this area since flipping it from resistances starting Oct 23rd. Minute wave iii went up from $26537 to $37999, a $11462 price gain. Typically in BTC the 5th wave is a larger price gain than wave iii. I'm expecting a 1.272 Fib extension of wave iii: 1.272 x $11462 = $14580. That kind of price gain from the $34700 to $35000 support area would take BTC to $49280 to $49580 by Christmas.
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