The question mark is because we don't know yet if this summer will go down in history for a massive Bitcoin price rally, or, the last great opportunity to "Buy the Dip," before that massive Bitcoin price rally. Nonetheless, we do know it will be one or the other, and that's good enough for our trading purposes.
BTC 2-Day
Zooming in on the most recent Intermediate Term Buy Signal:
"Close, But No Cigar." Several more daily price bars are needed to give Wave 2 the right EW, "look," but, a clean breakout above the Wave 2 channel is all that the set-up needs to trigger, whenever it may come.
Bottom Line: The deeper into the Fib retracement box the closer this retracement comes to ending and make no mistake, we will be buying calls on Bitcoin ETF's (IBIT or BITX) on any reversal back in the direction of the dominant trend.
Price expectations: Wave 3 is targeting $130K-$170K in next leg up into 3rd qtr this year; Wave 5 double that in next 12 months, then Bitcoin doubles again in 3-5 years.
Advice: Do not miss this next Bitcoin Intermediate Term Buy Signal. I've already scoped out the calls that will be up 8X to 10X.
Video Recommendation: Invest 36 minutes this weekend here:
Michael Saylor: 21 Ways To Wealth/Bitcoin2025 Keynote Speech
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