Bitcoin will hit $100k in 2024

Hello, Skyrexians!

Today we are going to analyze briefly what is happening with Bitcoin and which target it can reach till the end of 2024. Most of traders are completely confused with the 6 months of sideways and we noticed the panic that bull market is over.

This is truth that bull run is going to its end, but final pump ahead. Let's take a look at the chart below.

Let's consider that all this bull run is an impulsive wave, which shall consists of 5 waves. Wave 3 corresponds to max Awesome Oscillator value. Then wave 4 retraced to 0.5-0.38 Fibonacci zone. Zero line crossover means that wave 5 is finished. Now Bitcoin is printing wave 5. It has a target inside green box between $85r and $107k.  Wave 5 usually the fast wave that's why we expect the $100r reaching and the end of the bull run in the upcoming months. 

Best regards, Skyrexio Team