Bitcoin & Ether Adding to Bullish Signals; Project Multi-Month Advance to ~45,000/BT.

10/04/23 – “Bitcoin & Ether are rallying after Bitcoin reversed its daily trend up on Sept 18 and then pulled back to rising daily 21 MAC support while twice neutralizing its new daily uptrend.

That was the ideal scenario for a Sept 25 low & reversal higher… Bitcoin also remains in a positive wave setup after pulling back and holding its mid-June low.  That should ultimately spur a rally to new 2023 highs although that might take longer than mid-Oct to achieve.  29,500 – 30,200/BTC is the initial, near-term upside target.”

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Bitcoin & Ether are adding confirmation that their Nov ’22 lows are multi-year lows that will spur a much larger advance in the coming months.  Bitcoin is projecting a 1 – 2 month surge to ~35,000 and a larger 3 – 6 month advance to ~45,000/BT.

On balance, cryptos could work higher into (at least) Dec 11 – 15, ’23 – the next phase of the ~3-month/~90-degree cycle that timed consecutive lows and is due for an inversion.  Ether is showing that this overall advance could stretch into Feb 2024.

 

Has Dollar Completed its Multi-Year (~14-year) Uptrend?

Are Anti-Dollar ‘Currencies’ (Cryptos & Metals) Poised for New Surges?

How Does Bitcoin/Ether Action Corroborate 2024/2025 Outlook?

   

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