BTC/USD: Final wave before breakout or correction signal?
📊 Monthly Technical Analysis — Bitcoin (BTC/USD)
Using support/resistance levels and wave analysis
🌀 Wave Context
According to the Elliott Wave Principle model, Bitcoin may be either in the final impulse wave (5) or at the start of an A-B-C corrective structure.
Wave (4) is expected to have ended near the $100,000-$110,000 zone. If wave (5) starts, it could signal a significant upward move. Otherwise, a breakout of support could signal a correction.
📈 Monthly Scenarios
Bullish scenario: BTC holds above $110,000 → breakout to $120,000 → start of wave (5) → move to $135,000+.
Consolidation: The price moves sideways between ~$110,000 and ~$120,000, accumulating strength before a new move.
Bearish scenario: Breakout of support at ~$110,000 with volume → correction to ~$100,000 or lower.
✅Conclusion
On the monthly timeframe, BTC/USD is at a crossroads: it is either entering a powerful uptrend or a significant correction is beginning.
The ~$110,000 level is a key marker for the continuation of the bullish structure.
A breakout above $120,000 is a signal for growth.
A breakout below $110,000 is a signal for caution.
Monitor price movement relative to these levels and confirmation of the wave structure before making trading decisions.
📊 Monthly Technical Analysis — Bitcoin (BTC/USD)
Using support/resistance levels and wave analysis
🌀 Wave Context
According to the Elliott Wave Principle model, Bitcoin may be either in the final impulse wave (5) or at the start of an A-B-C corrective structure.
Wave (4) is expected to have ended near the $100,000-$110,000 zone. If wave (5) starts, it could signal a significant upward move. Otherwise, a breakout of support could signal a correction.
📈 Monthly Scenarios
Bullish scenario: BTC holds above $110,000 → breakout to $120,000 → start of wave (5) → move to $135,000+.
Consolidation: The price moves sideways between ~$110,000 and ~$120,000, accumulating strength before a new move.
Bearish scenario: Breakout of support at ~$110,000 with volume → correction to ~$100,000 or lower.
✅Conclusion
On the monthly timeframe, BTC/USD is at a crossroads: it is either entering a powerful uptrend or a significant correction is beginning.
The ~$110,000 level is a key marker for the continuation of the bullish structure.
A breakout above $120,000 is a signal for growth.
A breakout below $110,000 is a signal for caution.
Monitor price movement relative to these levels and confirmation of the wave structure before making trading decisions.
منشورات ذات صلة
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.