Technical analysis by BaturalpTagu about Symbol BTC on 12/12/2023

ytd, Let's read the graph I made with my pen. Although we are a society that does not like to read, I hope you read this article until the end. btc targeted Fibonacci at the rate of 2.272 after passing each channel, that is, the top. If this is repeated, it seems likely that it will reach between 450K and 900K if it exceeds the 65K level. According to this pattern, we can make price discovery in this way. According to this chart It is possible that btc will be at the specified targets in November 2025. Also, when we look at the periodic time table, we see an increase after each peak, after a full period is completed. purple arrows, BTC is currently in an increase period. The other pending theory is the Elliot wave theory. Even though I know this theory at a basic level, the most important Fibonacci number I have seen on crypto charts for years is 2.92. The 3rd wave seems to be completed at 2.92 in my opinion. if 65K is the third wave, the fourth wave shouldn't be this short, assuming my wave count is correct btc 45-50 Or it should experience a return from 58K, and complete the fourth wave somewhere like 4-5-6K. If there is such a sharp collapse in the market as I said, it will probably be caused by harsh measures in the world or a different war event. Based on the assumption that the wave count is correct, the withdrawal of the 1st wave is Fibo 236. If the withdrawal level is 236, this generally means the price will go up to Fibo 4.236 or 5.65. If the retracement level was Fibo 382, ​​this time it would be likely to be completed at levels 3.618 and above. Since it has been pulled up to 236, I think it will reach 4.236. Fibo 4.236 level corresponds to around 450K-900K. Then, we can call that part the 3rd or 5th wave in the wave count. So in this case, if there are 5 waves, there is no problem, but if it is the 3rd wave, the previous 3 will be canceled. According to some, there is an ending dioganal structure at the 65K location, so it is the 5th wave. In this case, the correction waves proceed as follows, in the form of an ABC, that is, a 5-3-5 structure. If you pay attention, there are 5 zigzags from 65k to 15k, this is A. It has progressed 3 zigzags from 15k to now, this becomes B. As I said, we can see C from these price levels, in the form of a 5-fold zigzag and as far as I know, leg C will be higher than leg A, in this case, what I said means we can go to 4-5-6k. These are all possibilities, we'll see what happens. The recent CZ and binance events and the rumors that harsh measures and regulations will be introduced to cryptos in the USA may bring very sharp declines.