$BTC

🟠 In light of the attached chart and Elliott Waves analysis:

• We see that Bitcoin has completed a five-wave upward (1) ✅.

• The current correction appears as a downward wave (2).

• Wave (2) usually retraces to the 0.618 – 0.886 Fibonacci levels of the rise of wave (1), which corresponds to the shaded areas on the chart:

• 0.618 = $116,733

• 0.786 = $114,619

• 0.886 = $113,287

📊 The strongest scenario:

• If the price holds above $113,200 – $114,600, this is a good buying opportunity for the start of the upward wave (3).

• The expected targets for wave (3): above $126,000 initially with the potential to reach $130,000.

⚠️ If it breaks $111,896, the scenario for wave (3) will clearly weaken.