Wave (4) in 2017 went from $3000 to $1758 from June 12th to July 17, 2017, a 41% decrease from $3000 to $1758. Bitcoin then went over 11 fold to finish the bull market and wave (5) five months later on 12/17/17 at $19892.
This wave (4) now is capitulating and coming to an end soon. Wave (3) went up too far with BTC going from $3858 to $64899, a 16.8 fold move in 13 months from Mar 2020 to Apr 2021. What has happened since was an A wave to $28800 on 6/22/21, a 55.6% correction. The B wave in 4.6 months to $69000 on 11/10/21, a 140% increase. The C wave since has fallen to about $38200 so far, a 44.6% correction. It could go somewhat lower but should bottom soon.
Now that extreme fear abounds with the index at 19, a rally can ensue soon. Long term Bitcoin holders can expect 5-6 fold from here by the end of this year to $200K to $220K. Every bull market has ended in a wave (5) that produces a blow off top that reaches the top or 10th Bitcoin log growth curve. This wave (4) is now between the 2nd and 3rd curve near the bottom, just like it was on 7/17/17 when that wave (4) in that bull market ended.
BTC is now primed to rally several fold. JMHO
This wave (4) now is capitulating and coming to an end soon. Wave (3) went up too far with BTC going from $3858 to $64899, a 16.8 fold move in 13 months from Mar 2020 to Apr 2021. What has happened since was an A wave to $28800 on 6/22/21, a 55.6% correction. The B wave in 4.6 months to $69000 on 11/10/21, a 140% increase. The C wave since has fallen to about $38200 so far, a 44.6% correction. It could go somewhat lower but should bottom soon.
Now that extreme fear abounds with the index at 19, a rally can ensue soon. Long term Bitcoin holders can expect 5-6 fold from here by the end of this year to $200K to $220K. Every bull market has ended in a wave (5) that produces a blow off top that reaches the top or 10th Bitcoin log growth curve. This wave (4) is now between the 2nd and 3rd curve near the bottom, just like it was on 7/17/17 when that wave (4) in that bull market ended.
BTC is now primed to rally several fold. JMHO