Volkov_v

(Weekly Outlook – Elliott Wave Theory)
After reaching its recent all-time high at $126,000, #Bitcoin’s macro structure on the monthly and weekly charts strongly suggests that the current bullish cycle has completed a full five-wave impulse (Wave 5).
Below is the most probable Elliott Wave scenario moving forward:
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🔹 1. Wave (5) Completed at $126,000
The rally from the November 2022 low (≈ $15k) up to $126k formed a clear 1–2–3–4–5 structure:
Wave 3 topped around $73k
Wave 4 corrected to $56k
Wave 5 completed at $126k with strong reversal candles and fading momentum
This signals the start of a natural corrective phase following a completed fifth wave.
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🔹 2. Wave A: Sharp Decline to the $80,000 Area
The drop from $117k down to $80,000 unfolded as a clean five-wave impulsive decline, which is a textbook definition of:
👉 Wave A of an ABC correction
The recent bounce and bullish divergence on lower timeframes suggest Wave A has likely completed or is very close to completing.
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🔹 3. Incoming Wave B – A Major Relief Rally Toward $100k–$112k
After Wave A completes, the market typically enters:
👉 Wave B (Corrective rebound)
Wave B commonly retraces 38%–61.8% of Wave A, giving probable targets:
$94,000 – $100,000
Possible extension to $110,000 – $112,000
This zone could attract short-term profit-taking and renewed selling pressure.
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🔹 4. Wave C – Final Leg of the Correction Toward $70k–$58k
Once Wave B finishes, Bitcoin is expected to enter:
👉 Wave C (Final corrective leg)
Wave C is usually the strongest and deepest of the corrective legs, with realistic Fibonacci targets:
$71,000 (0.5 Fib)
$58,000 (0.618 Fib – strongest support zone)
This region is likely where large-scale accumulation will occur.
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🔹 5. Post-Correction Outlook: Start of a New Macro Bull Wave
After the ABC correction completes, #Bitcoin would enter:
👉 A new higher-degree Wave 1
potentially leading to new highs during the next cycle.
Probable long-term targets (2026–2027):
$150,000
$180,000
Possibly $200,000+
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✅ Summary
According to Elliott Wave structure:
Wave (5) ended at $126k
Wave A declined sharply to $80k
Wave B rebound expected toward $100k–$112k
Wave C likely to bottom around $70k–$58k
A new bullish cycle should begin afterward
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⚠️ Note
This analysis is technical and probabilistic.
Key levels or market conditions may adjust the wave count.
Always apply proper risk management.