$BTC End of the Fifth Wave: Is a Historic Bitcoin Correction Starting?
📈 Where do we stand now?
- The fifth wave peaked at ~130,000 USD, aligning with Fibonacci extensions between 120K–122K.
- Technical indicators like RSI and negative divergence suggest weakness in bullish momentum.
- The breakout of the red triangle in the fifth wave supports the idea of a final peak.
🔄 What’s next?
- Potential ABC correction:
- Wave A: Drop towards 55K–62K.
- Wave B: Bounce towards 80K–90K.
- Wave C: Final drop towards the 30K–35K area, which is a historical accumulation zone.
⚔️ Critical points:
- Breaking below 100K will be a strong signal for the end of the fifth wave.
- Watching for the bottom of wave C could be a golden buying opportunity for long-term investors.
🧠 Summary of Strategy:
- If you are a long-term investor, prepare for buying zones during corrections.
- If you are a short-term trader, be cautious about entering wave B as it could be deceptive.
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