Bitcoin to Hit $100,000 in a Cycle Degree Top

Bitcoin has been subdividing higher fairly normally in an extended wave 3 of 5. Currently we have no indication wave 4 is done retracing and/or consolidating. That only is confirmed when price breaks back above the recent highs just below 100k.

However, upon getting into our wave 5 target box, and in the larger perspective...Bitcoin is topping in a Cycle wave I. This will occur despite the halving, and more to do with the potential top in the equity markets I am seeing now. As a risk asset, Bitcoin will enter a longer term retracement, counter to much of what your hear on the financial news or read.

I don't often update on Bitcoin, so I recommend followers keep this chart handy if involved with Bitcoin.

Best to all,
Chris