#BTCvsMarkets Bitcoin is trading near $93,700 and shows a bullish structure consistent with an impulsive wave 3 according to Elliott. Wave 1 would have culminated at $88,000 and the corrective wave 2 around $81,500. The current rise suggests the start of wave 3, with a projection towards $100,000–$110,000 if the momentum continues with volume. This phase is usually the strongest of the cycle. To validate the count, BTC must remain above $88,800. A loss of that level would imply that wave 2 has not completed. Confirmation in the upcoming sessions will be key to sustaining the bullish structure.