$BTC

Looking at the data on the chart, BTC is quite clearly forming the following waves.

Wave 1-3: 74,500-111,957

Wave 4: correction: 111,957-98,125

Wave 5: calculated from the breakout point around 107,200-107,500

Wave 5 is a wave of FOMO, so the potential for expansion is quite large.

The length of the first 3 waves. 111,957-74,500=37,457

Wave 5 usually increases according to the ratio of these 3 waves.

+38.2% of 37,457 = 121,514 a normal increase

+50% = 125,928 a normal increase

+61.8% = 130,350 a slightly optimistic level

+100% = 144,657 (strongly optimistic market level)

Observing the increase cycles from the BTC bottom, there is an increase from the wave bottom of about 50,000-55,000-60,000 price for one wave increase.

Bottom of this wave: 74,500+50,000=124,500

74,500+55,000=129,500

74,500+60,000=134,500

Thus, combining these two factors from calculations and previous data on the chart:

BTC in this wave 5 cycle has the potential to reach

121,500-130,500 from the average level to a slightly optimistic level.

Support is 110,000 and resistance is 120,000 at the moment, which needs to be observed at these levels.

And currently, the setup is 107,200-118,882 (an increase of about 11%) in wave 5, then setting up the smaller waves.

A increases, B corrects, C retraces. Testing support and resistance continuously.