Bitcoin Poised for June 14/15 Low & Test of ~25,000/BT Target… Surge to ~35,000+/BT Likely.
06/10/23 Weekly Re-Lay – “Bitcoin & Ether closed the week below their rising weekly 21 High MACs, delaying the onset of a new rally and inverting what is likely (a low) for daily cycles converging on June 14/15. Neither has turned its weekly trend down, so there is still a good chance for a new rally to follow.”
Bitcoin is completing its projected ‘a-b-c’ decline – that has been targeting a test of ~25,000/BT before the next leg up. A bottom is very likely – based on cycles and the weekly trend structure – on June 14/15. That should trigger a new surge into mid-year or beyond (capable of reaching 35,000/BT or higher). It’s intra-year uptrend remains intact, projecting another surge in the coming weeks… and potentially beyond.
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.