#BTC had a 15% correction from its ATH. Is the cycle peak in?
Nope! Based on past cycles, BTC is at Wave 6 & if its low is in, BTC could be onto Wave 7๐soon!
TLDR:
Wave 5 Peak: $69K
Wave 6 Low: $58.6K? Lowest: ~$53K
Peak Timing: December 2021
Cycle Peak: ~$190K-$260K
Nope! Based on past cycles, BTC is at Wave 6 & if its low is in, BTC could be onto Wave 7๐soon!
TLDR:
Wave 5 Peak: $69K
Wave 6 Low: $58.6K? Lowest: ~$53K
Peak Timing: December 2021
Cycle Peak: ~$190K-$260K
1. #BTC didn't reach its bull flag price target of $71K. As it broke Trend Line A, Wave 5 Peak (#CTM Wave 2 peak) is in.
Based on past cycles, the correction from Wave 5 to 6 is 27%-30%. As Wave 5 peak is lower than past cycles', Wave 6 low could be in. Lowest is >$53K. Why?
Based on past cycles, the correction from Wave 5 to 6 is 27%-30%. As Wave 5 peak is lower than past cycles', Wave 6 low could be in. Lowest is >$53K. Why?
2. Note #BTC's Wave 6 low (#CTM Wave 2 low) couldn't be lower than Wave 3 peak (CTM Wave 1 peak), which is at $53K (~0.5 Fib ext).
After the Wave 6 correction, BTC should continue its surge to its cycle peak (Wave 7-11).
What is the cycle peak given the current price action?
After the Wave 6 correction, BTC should continue its surge to its cycle peak (Wave 7-11).
What is the cycle peak given the current price action?
3. Based on past cycles, #BTC is on target to its cycle peak in December 2021.
In past cycles, BTC's price increased by 3.5X-4.4X from the Wave 6 low to its peak. If Wave 6 low is:
$53Kโก๏ธPeak: $186K-$233K
$58.6Kโก๏ธPeak: $205K-$258K
In past cycles, BTC's price increased by 3.5X-4.4X from the Wave 6 low to its peak. If Wave 6 low is:
$53Kโก๏ธPeak: $186K-$233K
$58.6Kโก๏ธPeak: $205K-$258K
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