Bitcoin’s Next Move? Elliott Wave Analysis in Focus!
Take a look at this weekly chart of Bitcoin against the USD, diving into Elliott Wave theory with Fibonacci extensions that hint at potential highs and pullbacks. Here’s what we’re watching closely:
1️⃣ **Wave Count & Key Levels**: We’re in a projected Wave 5, with Wave 3 making impressive strides. The chart suggests potential resistance at the 50% Fibonacci level around **$107,453**, and a significant target at the 61.8% level near **$129,196**!
2️⃣ **Possible Retracement?** The Fibonacci retracement zones show support levels that could act as cushions for any pullback. Key levels to watch include **$73,493** (123.6% retracement) and **$65,105**.
3️⃣ **The Big Picture**: A potential zig-zag pattern hints that BTC may face a pullback after reaching the projected peak. Will we see a healthy correction before another surge? Or could Bitcoin defy expectations?
💡 **Our Take**: This chart suggests both caution and opportunity, as we could be looking at a critical phase in the crypto bull cycle. 📈
🔍 **What’s Your Prediction?** Will BTC hit new all-time highs or take a breather?
#Bitcoin #BTC #Crypto #ElliottWave #TechnicalAnalysis #CryptoMarket #Fibonacci #BTCUSD #TradingView #CryptoCommunity #CryptoAnalysis
1️⃣ **Wave Count & Key Levels**: We’re in a projected Wave 5, with Wave 3 making impressive strides. The chart suggests potential resistance at the 50% Fibonacci level around **$107,453**, and a significant target at the 61.8% level near **$129,196**!
2️⃣ **Possible Retracement?** The Fibonacci retracement zones show support levels that could act as cushions for any pullback. Key levels to watch include **$73,493** (123.6% retracement) and **$65,105**.
3️⃣ **The Big Picture**: A potential zig-zag pattern hints that BTC may face a pullback after reaching the projected peak. Will we see a healthy correction before another surge? Or could Bitcoin defy expectations?
💡 **Our Take**: This chart suggests both caution and opportunity, as we could be looking at a critical phase in the crypto bull cycle. 📈
🔍 **What’s Your Prediction?** Will BTC hit new all-time highs or take a breather?
#Bitcoin #BTC #Crypto #ElliottWave #TechnicalAnalysis #CryptoMarket #Fibonacci #BTCUSD #TradingView #CryptoCommunity #CryptoAnalysis
I post my daily updates of chart/ta in my discord:
For those who wants to check what i think the market in crypto will be heading join me =)
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For those who wants to check what i think the market in crypto will be heading join me =)
discord.gg/EnmgSZfa
I post my daily updates of chart/ta in my discord:
For those who wants to check what i think the market in crypto will be heading join me =)
discord.gg/EnmgSZfa
For those who wants to check what i think the market in crypto will be heading join me =)
discord.gg/EnmgSZfa
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