Get ready to read a lot) this is important for full understanding!
We see a downward trend and the trend level at 86200 - this is resistance, but since the ema200 is below, the price may not reach 86200!
On the other hand, this level has already had 5 touches and usually, after so many tests, a breakout occurs! (if the price comes to 86500 and stays there for 1-2 days, then we will think that a breakout and trend change is ahead! then I will open a long position again!)
Indicators on the daily are all for long right now!
Hey Binance Square community! 👋 Let’s dive into an **Elliott Wave breakdown** of Bitcoin’s potential path to **$140,000 - $160,000**. Here’s the detailed outlook:
### **📊 Key Observations** - **Elliott Wave Pattern (🌊):** - A large **5-wave bullish impulse** (1-5) is unfolding, with nested sub-waves confirming the uptrend. - **Wave 3** (typically the strongest) is clearly visible, and **Wave 4** appears complete. - **Wave 5** is now forming, suggesting a final surge before a major correction.
- **Trend Lines (📈):** - Price is moving within an **ascending channel** (yellow & white lines). - **Upper trendline = resistance**, **lower trendline = support**. - Holding above the **midline (dashed)** strengthens the bullish case.
- **Price Target (🔮):** - If the pattern holds, **$140,000 - $160,000** is the projected Wave 5 peak. - A **break below the lower trendline** would invalidate this setup, signaling a deeper correction.
### **💡 Why This Matters** ✔️ Elliott Wave Theory helps **anticipate long-term trends**. ✔️ Recognizing wave structures can **improve trade timing**. ✔️ Key trendlines offer **clear support/resistance levels**. ✔️ Knowing **invalidation points** is crucial for risk management.
### **⚠️ Important Reminders** 🔹 **DYOR (Do Your Own Research)**: This is **not financial advice**—always verify before trading. 🔹 **Manage Risk**: Crypto is volatile—trade responsibly. 🔹 **Stay Objective**: Avoid hype; focus on data. 🔹 **Engage Below!** 💬 What’s your take on this analysis?
### **🎯 Let’s Discuss!** - Do you see BTC hitting **$140K - $160K**? - How are you positioning for this potential move?
**👍 Like & Share** if you found this useful! **🚀 Follow** for more crypto insights & updates.
*Disclaimer: Not financial advice. Trade at your own risk.*
#BSCTrendingCoins Glassnode notes that the accumulation of the first cryptocurrency demonstrates the confidence of major participants in the crypto market in the future prospects of the asset, despite global uncertainty. The trend of Bitcoin accumulation by large holders has emerged against the backdrop of a decrease in the share of cryptocurrency supply on exchange accounts. The activity of "whales" contrasts with the actions of small investors, who are rapidly reducing their positions in the market, analysts explained.
More details on Bits.media: https://www.bits.media/glassnode-kity-aktivno-uvelichivayut-zapasy-bitkoina/
#BSCProjectSpotlight In Glassnode, it is noted that the accumulation of the first cryptocurrency demonstrates the confidence of major participants in the crypto market in the future prospects of the asset, despite global uncertainty. The trend of Bitcoin accumulation by large holders has emerged against the backdrop of a decrease in the share of cryptocurrency supply on exchange accounts. The activity of 'whales' contrasts with the actions of small investors, who are rapidly reducing their positions in the market, analysts explained.
More details on Bits.media: https://www.bits.media/glassnode-kity-aktivno-uvelichivayut-zapasy-bitkoina/
#BinanceEarnYieldArena In Glassnode, it is noted that the accumulation of the first cryptocurrency demonstrates the confidence of major participants in the crypto market in the future prospects of the asset, despite global uncertainty. The trend of Bitcoin accumulation by large holders has emerged against the backdrop of a decreasing share of the cryptocurrency supply on exchange accounts. The activity of 'whales' contrasts with the actions of small investors, who are rapidly reducing their positions in the market, analysts explained.
Read more on Bits.media: https://www.bits.media/glassnode-kity-aktivno-uvelichivayut-zapasy-bitkoina/
$BNB Первые слухи о намерениях GameStop инвестировать в биткоин появились после встречи гендиректора компании Райана Коэна с основателем Strategy (бывш. MicroStrategy) Майклом Сейлором. Под руководством Сейлора Strategy стала одним из крупнейших держателей BTC в мире.
В последнее время Strategy привлекает средства для инвестиций в биткоин за счет масштабных продаж акций. GameStop решила следовать той же стратегии.
#BSCProjectSpotlight The first rumors about GameStop's intentions to invest in bitcoin emerged after a meeting between the company's CEO Ryan Cohen and Strategy founder (formerly MicroStrategy) Michael Saylor. Under Saylor's leadership, Strategy became one of the largest holders of BTC in the world.
Recently, Strategy has been raising funds for bitcoin investments through large-scale stock sales. GameStop decided to follow the same strategy.