BTC Wave 3, All-Time High February 2024

BTC Wave 3, All-Time High February 2024

The long-term Elliott Wave pattern suggests BTC is trending in (Wave B(Wave C(Sub-wave 3))). According to the sub-wave 3 Fibonacci extensions, BTC can rapidly accelerate to between $50k and $69,044, the current BTC all-time high.

Fundamental market conditions, including inflation, Fed interest rate policy, S&P 500 price action, Google Cryptocurrency Trust advertising, the 2024 Bitcoin miner reward halving, and the ongoing COPA v Wright trial suggest the BTC uptrend will continue.

Bitfreedom interconnected digital asset market analysis suggests BSV can increase to between $492 to $1200 before the conclusion of the COPA v Wright trial, projected to occur in March or April. In 2018, Craig Wight predicted that he would collapse the BTC network in synchronicity with a halving event. We expect Craig will sell his 1.1 million BTC supply in late April 2024, during the 4th BTC miner reward halving.