Today we have an in-depth Elliott Wave analysis of the Bitcoin Chart from Crypto Unplugged.
This excellent analysis looks at several ways to determine a potential top for Bitcoin and where we currently are in the cycle. The First analysis uses channels and Fibonacci Time Pivots.
Based on the time pivots the furthest out for the Bitcoin peak is probably April 2025. If the bull market can last that long it would take BTC all the way to about 208,000, which is a massive run-up from the current 57,800 level.
More likely is a peak around December 2024 at 154,800. But the most likely according to Crypto Unplugged is a peak in the range of 104,000 to 123,800.
Using another method, if wave 5 is the same length as wave 1 that takes the peak to 106,750.
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