Bitcoin Wave Analysis
Bitcoin’s bull run began in December 2022 around $14,500, forming a clear impulsive structure:
- Wave 1: $73,700 (March 2024)
- Wave 2: $50,500 (August 2024)
- Wave 3: $108,000 (January 2025)
- Wave 4: $79,000 (March 2025)
- Wave 5: $126,199 before correction
After this five-wave move, Bitcoin entered a corrective phase. The A wave shows a five-wave subdivision, with Wave 1 extended. Elliott Wave theory suggests retracement often revisits Wave 2 territory, pointing to $65,000–$67,000, in line with the 200 EMA weekly (~$67,000). This implies a potential 15% drawdown from current levels.
Bitcoin’s bull run began in December 2022 around $14,500, forming a clear impulsive structure:
- Wave 1: $73,700 (March 2024)
- Wave 2: $50,500 (August 2024)
- Wave 3: $108,000 (January 2025)
- Wave 4: $79,000 (March 2025)
- Wave 5: $126,199 before correction
After this five-wave move, Bitcoin entered a corrective phase. The A wave shows a five-wave subdivision, with Wave 1 extended. Elliott Wave theory suggests retracement often revisits Wave 2 territory, pointing to $65,000–$67,000, in line with the 200 EMA weekly (~$67,000). This implies a potential 15% drawdown from current levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.