Bitcoin’s (BTC) chart is sparking new excitement as wave (iv) appears complete — paving the way for the firepower of wave (v) to kick in. With altcoins flexing serious muscle and sentiment running bullish, BTC could be on the verge of a powerful move.
**What’s Driving the Action?**
- **Elliott Wave Momentum:** Analysts see wave (iv) done and dusted, teeing up the next leg higher. Fans of Elliott Wave know that wave (v) often delivers dramatic upside — and signals plenty of bullish energy on deck.
- **Weekly POC in Focus:** While bulls are buzzing, don’t ignore the Point of Control (POC) on the weekly frame. Price could still retest this major level before liftoff… keep your eyes peeled for confirmation.
- **Altcoins Leading the Charge:** The broader market is showing strength, and with altcoins rallying hard, BTC’s bullish scenario looks increasingly probable.
**Bottom line:** Bitcoin is lining up for its next act. Wave (v) could deliver the breakout traders crave, but watch for any final retests at the weekly POC before the fireworks ignite.