Here is a long-term analysis aimed at understanding when BTC is likely to reach $100,000.
According to previous movements, we are currently in the Elliott Waves pattern, specifically in the 3rd wave, which typically represents the largest movement in the pattern. Therefore, during the summer, we can expect consolidation, characterized by ABC correction waves.
Around the beginning of the new year, we will likely enter the 5-wave model again, with the 3rd wave coinciding with the time approximately one year after the halving, typically around March-April. Subsequently, the 5th wave is projected to occur around the winter of 2025, with a target range of $100,000 to $110,000.
Additionally, based on analysis of previous years, BTC has exhibited growth in an descending progression. For instance, the first significant movement saw a 9000% increase, followed by around 3000% in the second, and approximately 1000% in last. Hence, it's reasonable to anticipate that the percentage increase in the next movement will likely be around 400-500%.
What are your thoughts, folks? When do you think BTC will reach $100,000 or higher?
According to previous movements, we are currently in the Elliott Waves pattern, specifically in the 3rd wave, which typically represents the largest movement in the pattern. Therefore, during the summer, we can expect consolidation, characterized by ABC correction waves.
Around the beginning of the new year, we will likely enter the 5-wave model again, with the 3rd wave coinciding with the time approximately one year after the halving, typically around March-April. Subsequently, the 5th wave is projected to occur around the winter of 2025, with a target range of $100,000 to $110,000.
Additionally, based on analysis of previous years, BTC has exhibited growth in an descending progression. For instance, the first significant movement saw a 9000% increase, followed by around 3000% in the second, and approximately 1000% in last. Hence, it's reasonable to anticipate that the percentage increase in the next movement will likely be around 400-500%.
What are your thoughts, folks? When do you think BTC will reach $100,000 or higher?