More Evidence To Suggest $200k BTC EOY
Top- Regular chart
Bottom- Log scale chart
If price action on the regular chart were to hit the 4.618 Fibonacci level then the target for the final impulsive wave would be $200,000. The previous wave over shot the 4.618 Fibonacci level by 30%. The gold fractal overlaid points towards $300,000 per BTC , which is also possible during the blow off top.
The target for the logarithmic chart is the 2.272 Fibonacci level since BTC already hit the 1.618 during its 3 wave impulse.
Bottom- Log scale chart
If price action on the regular chart were to hit the 4.618 Fibonacci level then the target for the final impulsive wave would be $200,000. The previous wave over shot the 4.618 Fibonacci level by 30%. The gold fractal overlaid points towards $300,000 per BTC , which is also possible during the blow off top.
The target for the logarithmic chart is the 2.272 Fibonacci level since BTC already hit the 1.618 during its 3 wave impulse.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.