My next thoughts on BTC.
More than five months have passed since Bitcoin was launched in mid-October last year. And it broke a 21-year all-time high this month. The current record high is 73777
As Bitcoin will once again usher in its four-year halving event next month. The main force is bound to do something here.
At present, the market has rebounded by nearly 300% in the past five months, and the weekly adjustment chapter has begun (it has not stabilized at 66,000).
Personally, I am not very optimistic about Bitcoin’s downward adjustment. Personally, I prefer Bitcoin’s final adjustment target to be around 58,000. If the pins are large, it may be around $55,000.
And the market currently needs to undergo shock adjustments at the weekly level, and I think the time cycle will take at least 4-5 weeks. During this period, BTC still has the possibility of an upward impact of $77,000-80,000.
This means that I am optimistic that the market will rise again, and then it will fluctuate and adjust. Clean leverage and chase chips.
After that, BTC will start the final impact of the three waves, and I personally expect it to be around US$10-120,000. At the same time, this stage will also be the time when the copycat owners rise to the top.
Since the beginning of last year, many currencies that have doubled in value have emerged on the market. We will know which ones are a hundred times in half a year.
At the same time, I also predict that the time for Bitcoin’s fourth wave adjustment may come around mid-October. Roughly speaking, there are still 7 months left, 1 month for current adjustment, three months for pull-up, and three months for distribution.
From February to March next year, an overall five-wave rise will begin, and Bitcoin may hit the range of US$17-200,000. And this bull market will end in October-November next year.
OK, that’s all for today. Greater imagination consumes more brain cells
If you have different opinions, please feel free to comment in the comments section. After all, everyone has different opinions.
