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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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TimeStamps:
00:00 Trending
02:00 Market Watch
03:47 Bitcoin T.A.
07:28 FinCEN / Binance / Bitzlato Saga
10:36 CoinDesk’s Parent Company DCG Scrambles for Fund
13:25 Max Keiser Says BTC Could Make Massive Moves in 2023
15:33 Bitcoin $42K Target for 2023
17:30 Bitcoin To Reach $161,800
22:25 Live Q&A
Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3HgLNur
✔ FinCEN / Binance / Bitzlato Saga: https://bit.ly/3Xmp3Pr
✔ CoinDesk’s Parent Company DCG Scrambles for Funds: https://bit.ly/3WhRJaJ
✔ Max Keiser Says BTC Could Make Massive Moves in 2023: https://bit.ly/3ZQEf8T
✔ Bitcoin $42K Target for 2023: https://bit.ly/3ZKmQij
✔ Bitcoin To Reach $161,800: https://bit.ly/3wfCBQM
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
#bitcoin #crypto #bitcoinnews #btc
