Word to the “wavers” - the BTC rate is in the final phase of the 5th wave of growth with a target of about $220,000. This is what analyst and crypto blogger Gert van Lagen (95.4 thousand subscribers in X) thinks:
“$BTC is in the final phase of wave (5) within ⑤.
The final part of such a wave was always at an angle of 81°.
Elliott channeling method:
The trend line passing through ① and ③ to the 81° projection of ⑤ gives a value of ~$220 thousand within the next ~5000 blocks.”
The post is exactly on the topic of our post today that growth will not last forever. $220,000, I must say, is not the most optimistic of forecasts (remember Cathie Wood from Ark Invest). But for now we generally admit that a reversal of the entire macro-uptrend can begin at +/- $100,000.
