Bitcoin’s next move💥🚀
$BTC
🚀 Hey friends! Let’s talk about Bitcoin’s next move! 🔥
Hi everyone! Hope you're all doing great. 🌟 Today, I’m sharing an updated Elliott Wave analysis on BTC/USD, and let me tell you—it’s getting exciting! We’re at a key point in the market where Bitcoin could be setting up for an explosive Wave 5 rally, or… it might need a deeper correction first. 🤔 Let’s dive in!
📊 BTC/USD - Elliott Wave Analysis (Simple Count & Current Data)
This analysis follows the simplest wave count based on current price action, plotted on an arithmetic chart. However, if we switch to a logarithmic scale, a different structure becomes possible—something we’ll discuss later!
Right now, BTC is moving within a classic five-wave Elliott structure, and we’re in the middle of a critical Wave 4 retracement before what could be the final push to new highs.
💡 Elliott Wave Breakdown
📌 Wave 1: Strong impulsive breakout 🚀
📌 Wave 2: Healthy retracement (38%-50% Fibonacci correction)
📌 Wave 3: The most extended bullish move, breaking major resistance zones
📌 Wave 4 (Current): Correcting between 23.6%-38.2% Fibonacci retracement
📌 Wave 5 (Upcoming?): Potential push to 125K-150K if BTC holds key levels!
🎯 Key Levels to Watch
🔹 Strong Support (Wave 4 Zone): $91,349 - $98,719
🔹 First Bullish Confirmation: Break above 109K
🔹 Breakout Target Range: 125K - 135K
🔹 Ultimate Target: 147K+ 🚀
🔹 Invalidation Level: If BTC drops below $73,954, this wave count becomes invalid.
🛠 Trading Strategies & Two Possible Scenarios
✅ Bullish Idea (Simple & Aggressive Count)
If BTC holds the 91K-98K range, it’s likely forming a Wave 4 correction before a massive push higher.
Break above 109K confirms the bull run, and we can look at 125K+ as the next big move.
❌ Bearish Risk (Alternative Logarithmic View)
On a logarithmic chart, another possibility exists.
If BTC breaks below 91K, we might see a deeper retracement toward 74K.
A drop below 74K completely invalidates this Elliott Wave count and suggests a larger correction is in play.
🌎 A Quick Note for You All
Friends, I know these markets can be unpredictable, but the beauty of Elliott Wave Theory is that it gives us a roadmap—helping us plan ahead! 🚀
Remember, this is not financial advice—just an honest breakdown of what the charts are telling us. I’d love to hear your thoughts! What’s your prediction for BTC? Will we see 150K, or are we heading for a bigger correction? Let’s discuss it below! 👇🔥
💙 Thanks for being here, and don’t forget to like & share if you found this helpful! See you in the next update!
