As Weslad explains, if this Wave 3 is completed, then the Bitcoin price will hit as high as $172,000. This would mean an over 50% increase from the current price level, and ultimately, clearing the calls for the cycle top is already in.
Weslad expects the last wave to push the Bitcoin price as high as $300,000, pointing to the 2020-2021 bull cycle as an example. Just like now, the BTC price had begun testing a dynamic trend line and was still able to put in new all-time highs despite market exhaustion. Thus, it is possible that Bitcoin completes all five waves, rallies to $300,000, before moving into the bear market.
