BitcoinLong
Bitcoin will surpass the $20000 ATH at latest 1st quarter 2021
Bitcoin's wave (1) move in the first half of 2019 was from $3128 to $13868, a $10740 move in 6 months. It then went on a 9 month wave (2) correction, retracing almost all of what it gained going from $13868 to $3858 in Mar 2020. Since March, Bitcoin has been in wave (3). The first subwave went to $10079 on May 9th. BTC then did a flat ABC correction to $8815 on Jun 27th. It is now in the 3rd subwave of intermediate wave (3). I am expecting this subwave to be at least equal to the first subwave of $6200 from $3858 to $10079 taking it from $8815 to $15000 in August. I then expect a 4th subwave correction to about the 61.8% fib retrace of the $8815 to $15000 move or to about $11200 in September. The fifth subwave will probably be the largest (as it is often in BTC) and may go to the 1.414 extension of the first subwave of $6200 or about $8800 in size of the move, from $11200 to $20000 in Nov 2020 to complete intermediate wave (3). A fourth intermediate wave could retrace to $14500 by Jan 2021, followed by a fifth intermediate wave that should surpass $20000 by Mar 2021 and end in about $28000 by Apr 2021. JMHO
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