Bitcoin's Route to $3,000,000+: An Elliott Wave Based Outlook

25. Okt. 2022

What are the possibilities for the future of Bitcoin? There's mixed perspective with the retail and institutional world of investors but to base things solely on my opinion of its all-time wavemapping, I think Bitcoin could see upwards of $3M-$4M per coin by the early 2030s. I too anticipate a number of heavy, undeniably deep corrections to come during that timeframe but Bulls should be able to do the heavy lifting to restore its value. Regardless of whether you're a lifelong Bitcoin fanatic or an unbiased trader for profit, the pending corrections can and should be avoided. This is how profits are maximized. Hopefully this is the last Bitcoin chart I'll ever have to share on TradingView but nevertheless, I will update accordingly.

4. Nov. 2022

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Crucial moment for short term wave developments. If Bitcoin breaks above $21K before dipping back below $20K, it should be an EW signal that bulls have recaptured the momentum for now.

15. Nov. 2022

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Bullish momentum yet undefined. Bears are exhausted. Next target yet in tact for $117K.

10. Jan. 2023

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The idea of Bitcoin making a run to $3 million or even $1 million without a very drastic drop beforehand suddenly seems farfetched.

10. Jan. 2023

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Noticeable, Bitcoin has never completed an expected drop for a Wave 2 move. The corrections instead have retraced to levels more common with a corrective 'B' wave, which gives different implications versus a Wave 2.

10. Jan. 2023

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Crypto investors should be weary of such a strong, non-impulsive wave structure as there is no sufficient base established.