We analyze PlanBTC's Eliot waves.

Like many in this sector and those of us who know how to speak Spanish, planbtc is an investor with many years of experience and with close to a million dollars invested in cryptocurrencies. Therefore, his long-term analysis is usually very accurate.

And he works a lot with technical analysis and Eliot waves, compared to me who does more with fundamentals and news.

But from what we see here in his weekly charts, we notice that of the 5 waves that usually make up a cycle of $BTC , we only have 4, the 5 waves are made up of 3 bullish and 2 bearish.

So we still need a strong upward movement and we also see that we have already finished correcting in wave 4 downwards, so personally I do not think that we will reach $200,000 next year at #btc , but I do clearly see that we are much closer to an impulsive movement like the one in the second image than to continuing this downward movement.