BTC To Reach ±$350k This Wave?

27 thg 5, 2019Using the Fibonacci Extension levels from the last run projects a peak of ±$350,000 and a retrace to ±50k.

29 thg 5, 2019

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K now that I have your attention...

The peaks have been hitting lower Fibonacci extensions each time so we can expect a lower one this time.

The 2013 peak hit 36.618 and the 2017 peak hit 16.618. These peaks have also been around December.

It's also worth nothing the middle peak in 2013 and those levels.

I've seen this chart going around. If you think these parabola lines are accurate, then we never hit the bottom/haven't yet. Or maybe we will see a middle peak like in 2013.

If you also apply the time frame of December peaks every four years (thanks to the halving schedule), that would project a target of $68,560 and a Fibonacci extension of about 3.33.