Bitcoin Projects Drop to ~25,000/BT… Before Next Surge.

05/06/23 Weekly Re-Lay – “Bitcoin & Ether remain below multi-week peaks set on April 17 – 21, ’23 – fulfilling a ~21- 22-wk/~5-month low-low-low-(high) Cycle Progression as Ether remained in a monthly downtrend.  Both turned their daily trends down and bounced.  They now appear likely to enter another sharp (‘c’ wave) decline that could last into [reserved for subscribers].”

Bitcoin’s intra-year uptrend remains intact (projecting overall advance into June/July ’23) even as it fulfilled an initial 5-wave advance from its Nov ’22 low.  That first phase (larger magnitude wave I) is now complete and projecting a subsequent ‘a-b-c’ rally – ideally to support around 25,000/BT – before the next leg up.  That should be followed by a new surge into mid-year or beyond [future upside target(s) reserved for subscribers].

May 10 – 13 & June 10 – 13 = future phases of geometric cycles (lows) that should be monitored closely.

How High Can Bitcoin Surge in 2023?

When is Next (Likely) Buy Opportunity??

Will ~25,000 (Downside) Target Pinpoint Bottom?

   

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.