Bitcoin Triggers Buy Signal on June 16 Close; Projects Surge to ~35,000+/BT and into Mid-July ’23!

06/19/23 INSIIDE Track Update – “Bitcoin & Ether have, since late 2022, been projecting a series of rallies with Bitcoin forecast to rally to ~25,000, then ~30,000, pull back to ~25,000, and then rally to ~35,000.  It just fulfilled the 3rd of those 4 projections while holding its weekly 21 Low MAC (~24,670/BT).

Ether tested & held intra-year trend support and 50% retracement support at 1606 – 1630/ETH & the weekly 21 High MARC at 1645/ETH.  It bottomed at 1627/ETH and reversed higher… Cryptos should see a rally into mid-July ‘23… and potentially into mid-Sept ’23.  1 – 2 month traders can enter longs in these cryptos…”  TRADING INVOLVES SUBSTANTIAL RISK!

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Bitcoin has completed its projected ‘a-b-c’ decline – that had been targeting a test of ~25,000/BT before the next leg up.  A bottom has likely taken hold – based on cycles, the weekly 21 Low MAC, and the weekly trend structure – on June 14/15, with a buy signal triggered on the June 16 close.   That should trigger a new surge into mid-July ‘23 or beyond and up to 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?

Is This Prime Buying Opportunity?

Will ~25,000 (Downside) Target Spur New Advance?

   

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