$BTC TOP 20
Added 2024-05-18 18:51:22 +0000 UTCThe regular chart I upload of $BTC is what I am watching and it is still in its bull flag but has so far only pulled back to its 0.236 Fib at $60k, it did go as low as $56k but this was still short of its 0.38 Fib at $51 and certainly not close to its 0.5 Fib at $44k or its 0.618 Fib at $37k
So if we are only getting a shallow pull back to the 0.236 Fib now and this this can start breaking out of its bull flag, then this Impulse Wave is not complete yet and we are in Wave 5 now, with one more leg up (like the market) to $86.6k...as shown above.
$BTC is so heavily linked to the market that this is both and good and bad thing, meaning we can stay bullish on this as long as the market moves higher.....but we can not consider this a safe haven because it is moving so closely with the market.
After Wave 5 we will get our ABC correction - likely when this happens with the market too - and then it can move higher to complete Primary Wave 3 at the 1.618 Fib at $126k
I have seen a lot of charts saying $BTC will go to $200k plus this year, this is simply not going to happen.
