I am prediction bitcoin moves up to around 33k on this move up and then we drop to create new lows around 12k by the end of this year, maybe around late november or early december. I believe that will be the bottom for bitcoin for this bear market. Once this target is hit i believe we will go into an accumulation phase until the next bull market which is 2024-2025.
On this chart, i have identified an ending diagonal structure similar to the ending diagonal we had before the crash to 30k. You can see i have identified 1-2-3-4-5 waves leading up with 64k with wave 5 being an ending diagonal. Following the ending diagonal, there were 5 waves down which leads us to believe that was wave A of and ABC correction. Wave B is usually...
