#Bitcoin Elliott Wave Update – Wave 5 in Progress

$BTC has completed Waves (1) through (4) and is now pushing higher into the final Wave (5) of the current Elliott Wave cycle. Bullish momentum remains strong, with key support levels holding firm.

🎯 Wave 5 Target Zones:

– 1.0 Fib Extension: $125,084

– 1.618 Fib Extension: $132,359

🔍 Technical Insights:

• Wave (4) found reliable support around $115,400

• The uptrend structure is intact with no bearish divergence

• Immediate resistance lies at $121,000 — a breakout here could ignite a rally toward $132K

• A drop below $115,400 would invalidate the current Elliott Wave count

⚠️ Watch Closely:

A confirmed breakout above $121K with strong volume may present a short-term long setup targeting the 1.618 extension level.