Nobody is interested in Bitcoin , Thus realy to $165k is shaping up
In our previous update, when Bitcoin (BTC) was trading at $104K, we demonstrated that the ideal upside target zone is $164-216K with an outside chance of as high as $337K.
Thus, we should expect an extension of the green waves: W-3 will likely target the 2.618x extension instead of the standard 1.618x, which points to $155K. W-5 will likely target the 3.00x extension instead of the standard 2.00x, which points to $164K.
Fast forward nearly four weeks, and BTC has already achieved a new all-time high (ATH) on May 22 at $111,999. Therefore, we can begin refining our price targets. See Figure 1 below.
