1168: BITCOIN TO REACH $161,800, ACCORDING TO FIBONACCI EXTENSION, ELLIOTT WAVE THEORY!!
Bitcoin News Alerts | Daily BTC Macro Signal
Bitcoin News Alerts
3.8 • 635 Ratings
🗓️ 19 January 2023
⏱️ 25 minutes
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Summary
In a new crypto price prediction, the next target for Bitcoin might also reach a level that very few at this point would consider or expect. However, ages-old mathematics and Elliott Wave Theory could suggest the next BTC cycle may possibly peak much sooner than many would believe - and at price of $161,800 per Bitcoin.
Bitcoin price could reach the 1.618 Fibonacci extension, which is roughly $161,800 per BTC. Interestingly, if you multiply $100K by the golden ratio, you'll get $161,800. The top cryptocurrency touched the golden ratio target at the 2021 peak when Fibonacci extensions are drawn from the very open of the BTC CME chart to the 2018 bear market bottom.
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| 0:27.7 | forward slash express. In today's show, Bitcoin can pass $30,000 before setting a new bear market |
| 0:35.3 | low. I'll be breaking down the latest technical analysis. Also in today's show, |
| 0:40.2 | Finson lists finance amongst the top Bitcoin counterparties of Bitslotto, which was recently just |
| 0:45.8 | shut down by the Department of Justice. I'll be breaking this down for you. Also in today's show, |
| 0:50.6 | CoinDest could be up for grabs as their parent company, the digital currency group, |
| 0:55.0 | scrambles for funds. That's right. The DCG reportedly received offers for CoinDest exceeding |
| 1:00.1 | $200 million in the recent weeks and would add a purchase price of just $500,000. That'd be a 40,000 |
| 1:07.1 | return on its initial investment. Also in today's show, Bitcoin OG Max Kaiser |
| 1:12.4 | says Bitcoin can make massive moves in 2023. That's right. He reveals this in a recent |
| 1:17.6 | interview with Stansberry researchers. Daniela Cambone, quoting him here, the direction for |
| 1:22.2 | Bitcoin for 13 years has been up and it'll be up for the next 20, 30, 40, 50 years. So that's number one. That's solved. |
| 1:29.5 | The direction is up. Also in today's show, crypto analysts who called the 2021 Bitcoin crash |
| 1:34.8 | reveals his Bitcoin price target for this year. We're talking about the synonymous analyst, |
| 1:39.7 | Dave the Wave, quoting him here, a technical target of $42,000 this year to take Bitcoin out of the |
| 1:45.9 | buy zone, send it. Let's freaking go. Also in today's show, Bitcoin to reach $161,800 per coin, |
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