On december 2017, Bitcoin topped out at the highest band of the log growth curve which was also the 0.618 fib level of this fib circle. On December 2018 Bitcoin managed to find support on the lowest band of the log growth curve, which was also the 0.786 fib level if the same fib circle. After the Covid black swan event, we started a bullish impulsive move to the upside during 2020/2021, untill we faced resistance at the 0.236 level of the same fib circle.From here we started a correction between april-july 2021 and got supported by the 0.382 fib level of the same fib circle, pumped back to the 68k region in october/november and found support again on the same 0.382 fib level in february of this year, forming a HH &HL.
From here we can expect,a move to the upside and confirm the W-pattern in april/may before we continue the final stage of this wave 5--> target 230k in december 2022.
OR
A shorts liquidation move triggered around the 30k level, before an impulsive move to the upside.
From here we can expect,a move to the upside and confirm the W-pattern in april/may before we continue the final stage of this wave 5--> target 230k in december 2022.
OR
A shorts liquidation move triggered around the 30k level, before an impulsive move to the upside.
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