Bitcoin is in the final stage of the bullish cycle, and we want to look for the best price to sell and prepare for the 2025/2026 bear market!
The best price to sell Bitcoin is at the 1.618 FIB extension or at the main long-term 2017-2021-2025 trendline. This is exactly at 122,069, as we can see on the chart.
Buying Bitcoin at the tipity top of a bullish cycle is not the best idea, because we will see 60,000 USD per bitcoin in 2026!
From the Elliott Wave perspective, there is probably only 1 high-probability scenario, and it's this ending diagonal pattern (rising wedge).
I think we will see a final 2 waves on Bitcoin to form an ending diagonal wedge pattern (1-2-3-4-5). Bitcoin is in wave 3.
I am also bullish because of the 50-week moving average. Historically, Bitcoin reacted to this MA very precisely.
I always recommend using simple moving averages with 20, 50, 100, and 200 periods because this is what the big players are using as well. These MAs are very popular among giant institutions, banks, and investors.
Trade at your own Risk ๐
Best Regards, Trade Cryptocurrency
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