A,B,C correction from the peak of $19k seems to be over. Looks like we are in wave 2 after wave 1 which reached $11.5k. Wave 2 is nearly over, but might see a drop to 8k before we start wave 3.
Wave 3 should take us to the previous high of $19k and see a pull back to $15k in wave 4. Wave 5 should end around the $28k to $30k mark.
Timescales are always hard to predict as this is such a volatile market which seems to be manipulated at certain points. But I would estimate $28k by at least end of the year, possibly by as early as September.
MACD seems to have crossed over on the daily. Not a convincing cross over yet but a good sign nonetheless.
Let me know what you think.
Not financial advise, just my opinion. DYOR before investing. Any investment is at your own risk.
Wave 3 should take us to the previous high of $19k and see a pull back to $15k in wave 4. Wave 5 should end around the $28k to $30k mark.
Timescales are always hard to predict as this is such a volatile market which seems to be manipulated at certain points. But I would estimate $28k by at least end of the year, possibly by as early as September.
MACD seems to have crossed over on the daily. Not a convincing cross over yet but a good sign nonetheless.
Let me know what you think.
Not financial advise, just my opinion. DYOR before investing. Any investment is at your own risk.