WaltrAlexander

Bitcoin to 12k - History Repeats

Short
COINBASE:BTCUSD   Bitcoin
Lets dump it to 12k! Before I begin, I’ll explain why we’ll go to 12k. Let’s compare the Dot Com bubble to this Crypto bubble. Back in the year 2000, the Nasdaq dumped 82% after the tech bubble popped. If you combine the dot com bubble along with the Law of Diminishing Returns, you get a crash of 82%. An 82% crash from the Ath puts us at about 12k. Bitcoin is gaining mass adoption, but we have to weed out the weak projects. A lot of cryptocurrency’s were overvalued just like the tech stocks were back in the year 2000. Wave C will take us down to 12k. If you don’t want to time the bottom, I personally would aim to buy around 12-14k. Good luck. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, RSI, Momentum, and resistance/support zones combined with patterns.
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