Bitcoin Update – Dec 21, 2020

Based on the action over the last several days, I believe that Bitcoin is consolidating before the final push to complete wave 3. If my timing projections are accurate, I would expect BTC to top in the area of 25000-25600 in the end of December – beginning of January. After the top I would be looking for a multi-week, possibly multi-month, correction. The very preliminary targets for the correction – 19000-21500, possibly even 17000. The targets would be projected more accurately once the top and the first wave down are complete.

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