The next low centers on the end of March. Looks like we are heading down.
The FTX debacle has taken bitcoin to my long-time objective price. We are very near a major bottom. We are also near an invalidation of significant short-term bullish potential. However, we are also approaching significant changes in regulation. What happens if the miners cannot mine? Bitcoin should make another low in sympathy with the stock market move down.
Is the high in or is there one more left? I have changed my mind to think that the probability is that the dollar has peaked. In any event, there should be a nice rally in here.
Bear market rally in nearing its end - tracking the dollar (inversely).
If there is one forecast I want to be wrong, it is this one. If this projection is correct, the associated demand destruction to point C (B) would be the symptom of serious financial difficulties. From there, however, things become very bullish.
Up a little further; down to a new low for this move; then a major, bear market rally.