BitcoinShort
BITCOIN ElliottWave for Y2025
The current market phase appears to be in the final stages of a significant uptrend, with Bitcoin reaching a potential peak near $108,000. This aligns with the completion of the 5th wave in Elliott Wave theory. After this peak, a corrective phase is anticipated, which could result in a retracement of 50% or more from the top.
Key levels to watch during the correction are marked by Fibonacci retracements:
86k (23.6% retracement): Initial support zone.
72k (38.2% retracement): A critical level where a bounce could occur.
61k (50% retracement): A psychologically significant level.
51k (61.8% retracement): A deeper correction target.
The market may form a reversal pattern during this corrective phase, with potential sideways or downward consolidation lasting through 2025. Traders should remain cautious and watch for confirmation of trend reversals at these levels.
#BTCUUSD #bitcoin
Key levels to watch during the correction are marked by Fibonacci retracements:
86k (23.6% retracement): Initial support zone.
72k (38.2% retracement): A critical level where a bounce could occur.
61k (50% retracement): A psychologically significant level.
51k (61.8% retracement): A deeper correction target.
The market may form a reversal pattern during this corrective phase, with potential sideways or downward consolidation lasting through 2025. Traders should remain cautious and watch for confirmation of trend reversals at these levels.
#BTCUUSD #bitcoin
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