Insane prediction, but I want to post it to show that I stand behind it.
Long story short, I believe BTC had an ICL (Intermediate Cycle Low) in the first week of September, which sets us up for a DCL (Daily Cycle Low) at the start of November (based on cycle theory). I believe we will break 100K this week, with a HCL (Half Cycle Low) around December 4th, an HCH (Half Cycle High) on December 20th, and a DCL just after New Year’s at 100K–115K, followed by a final push to either 150K or 206K.
I see it as a 50/50 chance between 150K and 206K by mid-February/March (as shown in the blue and orange drawings). After this, I believe we will have a 4-month consolidation down to 105-150k, before a final wave in late 2024, potentially reaching an equal or higher top around 250K.
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.