Following Elliott Wave principles, we have a potential target of BTC 86K.
BTC Super cycle count:
Wave 1 started at the inception of BTC, ending with late 2017 peak.
Wave 2 retracement was extended and ended March 10, 2020.
Wave 3 ended April 2021.
Wave 4 may be complete as of July 2021.
Using a fib extension tool on wave 1 gives us a 4.23 @ 85.5K (red)
If wave 4 is complete, using a fib extension on wave 5 will give us a target of 4.23 at 87K.
BTC Super cycle count:
Wave 1 started at the inception of BTC, ending with late 2017 peak.
Wave 2 retracement was extended and ended March 10, 2020.
Wave 3 ended April 2021.
Wave 4 may be complete as of July 2021.
Using a fib extension tool on wave 1 gives us a 4.23 @ 85.5K (red)
If wave 4 is complete, using a fib extension on wave 5 will give us a target of 4.23 at 87K.