Bitcoin Targets June 14/15 Low Near ~25,000/BT … Surge to ~35,000+/BT to Follow.

06/12/23 INSIIDE Track Update – “Bitcoin & Ether closed last 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.  Longer-term weekly & monthly cycles converge in ~mid-July ’23 and could time a more significant peak IF Bitcoin holds support near 25,300/BT.”

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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.