Bitcoin Targeting Decline to ~25,000/BT… Then Surge into Mid-Year.

05/13/23 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 and in a likely ‘c’ wave decline… If Bitcoin can reach – and hold – ~25,000/BT, it would be in the ideal position to see a new rally to ~35,000/BT.”

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Bitcoin is reinforcing analysis for an ‘a-b-c’ decline – ideally to ~25,000/BT – before the next leg up.  That should be a new surge into mid-year or beyond (capable of reaching 35,000/BT or higher).  It’s intra-year uptrend remains intact, projecting an overall advance into June/July ’23… and possibly beyond.  Multi-week lows are likely on May 10 – 13 & June 10 – 13 – the latest phases of geometric cycles that have timed multiple lows.

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.