Bitcoin/Cryptos Fulfill Cycle Peak (Next Phase = Sept ’23); Project Drop to ~25,000/BT.
04/20/23 INSIIDE Track Update – “Bitcoin & Ether fulfilled the potential to set multi-week peaks on April 17 – 28, ’23 – the latest phase of a ~21 – 22-week/~5-month high (Sept ’21) – low (Jan ‘22) – low (June ‘22) – low (Nov ‘22) – (high; Apr 17 – 28, ‘23) Cycle Progression. Bitcoin has already turned its daily trend down – indicating that a multi-week top is forming. Ether needs a daily close below today’s low to do the same.”
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.