#BTC Supercycle. $500K by Q4 2022?
This forecast has 500k BTC by October 2022. Sound crazy? It wouldn't be unprecedented. Price made a 1700% move from the W4 low back in November 2013 for a second and final strike of the Base channel under-side. Assuming the current W4 correction ends at the 100W moving average (~
31K) in around April, an upside move from that level of 1700% i.e. on par with June-November 2013 would take price to:
* The underside of the supercycle Base channel
* Top of the S2FX range
* A price of ~500K
BTC is currently in a macro wave 3 and not (as per 2017) a wave 5. The final move is likely to be steep!!!
31K) in around April, an upside move from that level of 1700% i.e. on par with June-November 2013 would take price to:* The underside of the supercycle Base channel
* Top of the S2FX range
* A price of ~500K
BTC is currently in a macro wave 3 and not (as per 2017) a wave 5. The final move is likely to be steep!!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.