Bitcoin $BTC Correction Almost Complete: $89K Coming Soon! 🚨🚨🚨
Bitcoin ($BTC ) has almost completed its correction phase, and many experts are predicting a potential price surge to $89,000. Recently, we highlighted that this correction would not conclude without reaching this key level—and it seems we're getting closer every day.
In the past few days, $BTC USDT spiked above $102,000, triggering a wave of optimism in the market. However, this optimism was quickly overshadowed by a sharp decline, which many expected. This drop was part of the ongoing correction, and as anticipated, $89K remains the target to complete the pattern.
Looking at the daily chart, we can see that after reaching the top of wave 3, Bitcoin entered corrective wave 4, following an ABC zigzag pattern. Wave B recently concluded near the 0.61 Fibonacci retracement level. Now, as wave C forms, the minimal target sits at the 0.38 Fibonacci level—around $89K. This is where we anticipate a possible reversal, and we can use the Bullish Reversal Bar Strategy to confirm the end of the correction. Following this, the next target could be $120K.
As always, our alerts based on this strategy are automatically shared across our accounts, and detailed insights can be found in our TradingView article. We’ve previously shared sniper entry points, which may prove valuable in this current setup.
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