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Bitcoin BTC - 250 000 USD next target! Bull market continues.
Bitcoin / TetherUS
Giá lên
Bitcoin BTC - 250 000 USD next target! Bull market continues.
Theo UnknownUnicorn2537518
Theo dõi
Theo dõi
30 thg 7, 2022
1
0
8
61
61
30 thg 7, 2022
I think there is absolutely no time for a multi-year bear market at this moment.
We had exactly the same correction (73%) as in 2020, and after that a massive bull run started.
As per my Elliott Wave analysis, we are still in the bull market of an impulse wave and we need to finish it.
An ABC correction (ZigZag 5-3-5, wave 4) has been completed successfully, and we can simply continue with a final wave 5.
We can reach 250 000 USD next year, probably around December.
2017 swing high support successfully acted as a resistance in 2022 and the bulls successfully defended a possible bear market.
The price is now above the 200 moving average. This MA is considered a very strong support zone by huge institutions and hedge funds.
As you can see on the chart, the price is printing a second bullish flag / falling wedge and also a parallel channel on the log scale.
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
Ascending Channel
Beyond Technical Analysis
BTCUSD
BTCUSDT
Bullish Flag
Bullish Rectangle
Bullish Trend Line
Elliott Wave
Falling Wedge
Support and Resistance
Symmetrical Triangle
Zigzag
UnknownUnicorn2537518
Theo dõi
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