🔥 The Market Will NEVER Expect This: Bitcoin Elliot Waves

4 Jul 2023

In this analysis I want to take a look at a highly unexpected bullish outcome for the market: Bitcoin's 2022 bear market was nothing more than a corrective Elliot wave, and that we're about to see a new all-time high in the near future.

Not sure when BTC will top or how high it will go, but 100k seems like a decent target for somewhere in 2024.

I'm sure that this is one of the least expected market outcomes in people's minds, since most of us (including myself) think that crypto will rise again after the halving. However, the stock market is booming currently, and new all-time highs are not far-fetched at all. If stocks can make new highs, why can't Bitcoin?

If this pattern plays out, expect a long bear market, 2 or more years at least.

Know that this is not my most likely scenario. It's highly unexpected, and also highly unlikely because of the inflation/interest rate driven macro. Still, it's a view that deserves a look.

Share your thoughts in the comments!

6 Jul 2023

Catatan

Short term signal