BitcoinLong
2 Year Forecast 27-May-23
- The blue bar pattern is from 2019
- An additional impulse wave would likely be extended, reaching approx $38,000.
- A buy opportunity will likely present at what will be the fourth wave ($26,000), at around the time of the halving.
- Final target at 1.272 extension of fib retracement from $1,000 to $70,000
This appears likely to be a final pump and dump for the entire crypto market before entering a decade long bear market.
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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.