Bitcoin BTC - 250 000 USD next target! Bull market continues.

30 Jul 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"!