Based on recent price action, it appears wave-b:3 may have bottomed in April, setting the stage for a major wave-c advance.
But there’s a critical question:
Is wave-b fully complete, or is a more complex pattern forming?
What We Know So Far – April Low Analysis
♦️ The size, structure, and speed of Bitcoin’s rally off April’s low suggest wave-b:3 may be complete
♦️ If correct, wave-c is now underway and should drive new all-time highs later this year
♦️ Two main possibilities for wave-c’s structure:
1. Terminal (3:3:3:3:3) – Fast, powerful push to ATH
2. Triangle – Slower, choppy advance with overlapping waves
Why the Pattern Matters
♦️ If wave-b ended in April, then the current rally is wave-c:5
♦️ A Terminal structure implies a strong and direct push to new highs
♦️ A Triangle structure means a more gradual climb, possibly into mid-2025
Key Confirmation Levels to Watch
♦️ All-time high in May nearly guarantees wave-b ended at the April low
♦️ A sustained move above $128K confirms wave-c:5 is Terminal
♦️ Failure to break the current range could mean wave-b is still forming, likely as a Neutral Triangle
Final Thoughts: How to Trade This Structure
♦️ If Terminal: Prepare for aggressive upside — new ATHs likely in 2025
♦️ If Triangle: Expect more chop and consolidation before final breakout
♦️ Both scenarios point to significant upside, but timing will differ
