Bitcoin Elliott Wave Analysis: Bullish Momentum Ahead! ๐**
Bitcoin has officially flipped from **bearish in April** to **bullish in May 2025**! ๐ According to **Elliott Wave theory**, BTC is printing a clear **Wave 1** from its recent bottom (approx. **$74,500**).
### Current Status:
- **Price at time of post:** **$102,289** ๐ฅ
- **Subwaves:** Completed **1, 2, 3, 4**, and now finishing **subwave 5**.
- **Momentum:** Non-stop bullish actionโeveryoneโs turned **BULLISH**! ๐
### Projections:
- **Wave 1 target:** **$104,600 - $105,300** (possible extension to **$106,200+**).
- **Stretch goals?** If momentum holds, **$107K, $109K, even $110K** could open upโbut thatโs **aggressive**.
- **Wave 2 correction:** Expected pullback to **$93,500 - $88,750** (retracement zone).
### Final Thoughts:
Sticking to the **conservative target** for Wave 1, then preparing for a **healthy correction** in Wave 2.
**Game on!** Letโs see how this plays out. ๐ฏ
**Bias:** **BULLISH** ๐ฅ
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*Disclaimer: Not financial advice. Trade responsibly!