t has moved steadily higher and should now be in grey W-iii of green W-1. Moreover, in early October, BTC broke out above the purple trend line that connects the bounce highs in 2022 with the all-time high made in 2021—a significant development. BTC is ready to target around $30-33K before we see the next buyable pullback.”
Fast forward, and our assessment that BTC would continue to move high over the past two weeks was correct, as it now trades at around $35K. See Figure 1 below.Based on the micro-EWP count, it appears BTC is still wrapping up the grey W-iii of green W-1 and that the original W-1 high at around $32,000+/-1000 can be raised to around $37,500+/-1000.
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