Bitcoin: One step closer to the bottom

Time for some positive forecast!

The FUD is smoothing out and FOMO coming in (as G. Soros playing with crypto).

The annual tax declaration and payment date being 17 April could be the last FUD ahead that is able to drop the price by another 20% to 5800-5400 area.

The target for the subwave 3 currently is at $5945 if the correction doesn't get higher than $7000.

Overall, I see the light at the end of this bearish tunnel.
We're closer to the bottom and it should happen around 5400-5800 area by 15-17 April.

Feel free to share your thought and don't forget to like the idea.

Comment:

Price follows the trajectory and now we finished the correction wave and heading down, starting a 3rd wave of (5).
The correction wave reached 7200 area, so the target for the drop moved up a bit.

The min target for the current wave down is 6200, meaning the bottom will be renewed.

Yes, we're heading down, but I remain positive as we're in final wave #5 down.
One more reason for being positive is that many analysts started to call for the dip to 4K-3K-1.3K. More analysts start to predict the big dip, the sooner the price will bottom out (and it will definitely happen on much higher levels).

Don't forget to like the idea, the bottom is close :)

Comment:

The chart update:

Comment:

Updating the expected trajectory.
The target for subwave #3 of (5) is at 6200.
Pretty sure, we'll see the stop-loss hunting by dipping to the area of 5400-5800 where we should find the bottom and break the current downtrend at last.

Don't forget to press the "Like" if you find the accuracy of my charts useful.