Enough healthy nutrition (correction) ingested. Bitcoin has been charging its batteries and repairing its engine for a while. Now it’s time to start the engine. Observing recent impulsive waves and their structures that have been corrected at only about 0.236 Fibonacci retracement level, I have now decided to change my bearish bias to bullish.
Wave 3 (yellow) has reached almost at 100% extension of wave 1. So I have confirmed that as wave 3 of big wave 3 (green). I believe we are at wave 4 (yellow) of the big wave 3 (green). If we break the $8,820, it will be confirmed as wave c (orange). If not, then we have already started wave 5 (yellow). I am very positive that the wave 5 (green) will reach around $10,000.
Sorry, I don't have enough time to explain how I got my targets using Fibonacci retracements and extensions.
I strongly believe that Bitcoin will reach astronomical numbers in the future.