Bitcoin In 2023: The Road To $50,000 - A Macro Viewpoint In 10 Chapters

Welcome back to my channel, fellow money-makers! Whether you're a beginner or an advanced investor, you've come to the right place. Today, we're going to dive into the exciting world of Bitcoin. Buckle up because this is just the first part of a thrilling 10-part series that will uncover the secrets of Bitcoin's future.

The Rollercoaster Ride of Bitcoin

Let's start by taking a look at the chart. We can see that in 2017, Bitcoin experienced a massive run-up, followed by a significant correction, and finally, a mind-blowing pump that peaked in November 2021. However, for the past year and a half, we've been stuck in a bear market, with prices plummeting and money fleeing from the crypto markets.

But hold on tight because we've recently witnessed a surge in Bitcoin's price. It almost doubled from $15,000 to $25,000, and this could be a major clue that we're about to embark on a much bigger trend. Brace yourselves, my friends, because this trend could last not just for a few weeks or months, but possibly the entire year of 2023! Of course, we can never be certain about these things, but I have a methodology that makes life simpler and more exciting.

The Secret Sauce: Momentum, Pattern, Price, and Time

Forget about the fundamentals and the news for a moment. What really matters is momentum, pattern, price, and time. Everything else is baked into the current price action. So, today, let's focus on the macro momentum position. By the way, if you want the latest updates on Bitcoin, I have a free Bitcoin membership area where I provide regular and timely information. Check it out below!

Now, let's dive into the juicy details. We're going to pull up a momentum indicator on a monthly chart, which covers around five to six years' worth of data. What I want to emphasize here, in the first part of this 10-part series, is the significant surge in macro momentum. The blue line has gone above the red line, and this coincides with the recent price surge. Could this be the start of a long-term uptrend? We'll explore this in more detail throughout the series.

History Repeats Itself: Elliott Wave Theory

To gain a deeper understanding of the market's psychology, I also rely on something called Elliott wave theory. This theory helps us decipher the patterns and predict market movements. Here's what we know: we've witnessed a very impulsive move to the downside. According to Elliott wave theory, we should expect at least three waves to the upside. This gives us a clear picture of the minimum expectations for Bitcoin's future.

So, join me tomorrow for part two of this thrilling series. We'll dive into a weekly chart and set specific time targets. How long does a correction typically take? What should we expect as a minimum? Get ready for more mind-blowing insights!

But before we wrap up, let me leave you with a quote from the wise Socrates: "Falling down is not a failure. Failure comes when you stay where you have fallen." Remember, my friends, beneath every success lies a mountain of necessary failures. Dust yourself off, get back up, and try again.

See you soon for part two of this epic 10-part series!