$BTC

💹 Bitcoin (BTC) Analysis

🚀 New Peak:

The price has reached a new historical peak at $124,500, aligned with the targeted Fibonacci level.

📉 Current Movement:

After the peak, we saw a slight correction, with the first minor support area I am monitoring between:

🛡️ $116,930 – $121,358

🔍 Wave Structure:

The current short-term movement appears fragmented and complex, making it open to several interpretations. It cannot be assumed that this correction is indeed Circle Wave 4.

📈 Forecast:

We almost have enough bullish structure to consider that we are close to forming a major peak, but I still prefer to see more upward movement towards the $132,000 area before considering the structure complete.

✨ Summary:

The focus now is on the mentioned support area, and the bullish scenario remains valid as long as it is not broken.