Bitcoin Bears Resist Upside Swings, $30K Yet Pending

Its cool to see so many traders turn Bearish after realizing that Bitcoin is not ready for a major rise at this time. I know of no other analysts that called for Bitcoin to hit $35,000 before we did at the Digital Surf Trading Community. At this point, its quite obvious that $35,000 will not be low enough but unlike many investors, we avoided tremendous drops across the whole crypto market and continue to do so.

With Bitcoin presently in a huge, three-swing, zig-zag wave, (c) wave appears to be developing in the Contracting Diagonal form. Initially I thought that the Bears would loosen their grip around this time (Spring 2022) but based on more recent Price Action and numerous fail pump-attempts, the Bulls have have essentially extended the time that it may time to complete this pattern fully. What can we say? Bulls will be Bulls.

I've seen targets from $0 to more recently $35,000 as the bottom. Thankfully the use of Elliott Wave Theory give us pretty precise ranges as to where price is probable to go. Each Elliott Wave pattern has a specify set of guidelines, based on common fib levels and explicit price lengths. Though nothing is guaranteed and everything is subject to invalidation, I believe we at the DSTC have outlined what will prove to be a largely accurate depiction of forthcoming price action.

The totality of this wavemap has been constructed using the science of Elliott Wave Theory and Fibonacci levels.

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the time that it may take*

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$38.7K pending.