Bitcoin Poised to Reach ~25,000/BT… Then Surge to ~35,000/BT.

05/11/23 INSIIDE Track Update – “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 appear likely to enter another (‘c’ wave) decline into [reserved for subscribers]…  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’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 ~25,000/BT – before the next leg up.  That should be a new surge into mid-year or beyond (capable of surging to 35,000/BT or higher).

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.