BTC to reach 100K in 2023

٧ سبتمبر ٢٠٢١

Chart: 1 month timeframe, Logarithmic scale
Indicator: Stochastic

Analysis made based on Elliot Waves, on the monthly logarithmic scale:

• One possible wave count suggest that we had wave 3 already and we are currently in wave 4
  
• If we are in wave 4, an ABC pattern is underway to be formed
  

Using some simple Fibonacci projections we can see two possible targets:

• Soon a reversal with wave C with a possible level of around 20K
  
• After wave 4 finishes, a possible wave 5 could be formed with the target of 100K