Bitcoin has After losing weight Of 100,000 dollars since its first time above this psychological level in early December 2024. While it managed to trade above this threshold at times, the gatherings did not last long, as BTC has benefited from $ 100,000 in recent months. It is worth noting that at the time of writing this report, the original is circulated without this level, so far Less than $ 91,000 decreased In the past seven days. However, the Bitcoin path is still optimistic, as technical analysis shows that the path to $ 180,000 is still valid.
The Elliott wave structure of Bitcoin is in line with a climb path to $ 180,000.
The struggle for bitcoin to maintain a continuous outbreak exceeds $ 100,000 has left many encryption traders who are interrogating When the leg is top It will start. This is because merchants know that bullish bitcoin is an emerging period of other encrypted currencies. Interesting It is believed that the answer is In the framework of Elliott Wave, noting that BTC will rise to $ 180,000 at a time when market morale is in its weakest.
The analyst highlights the price of bitcoin The movement is still consistent With Elliott Wave theory, which tracks market courses with frequent patterns of the investor’s psychology. Despite the recent bitcoin fluctuations, its general structure is still rising, and the constant correction is in line with the expected sub -wave formations.
According to the analyst, Bitcoin has already completed the sub -wave 4 after the price collapsed last week. It is worth noting that the 4 wave is the second corrective step in the Elliot wave style before the fifth and last move. With this into considerationThe next step will be the final upper upward leg, which will eventually push Bitcoin to the highest level ever.
In terms of prediction of prices, the analyst expected a high goal at all of $ 187,000 during the fifth and last wave. The analyst also pointed out the formation of a lower -rapprochement pattern, which supports upscale expectations. Interestingly, the cup style and the handle is also in playing on the larger time frame. This type of cup and handle indicates a more extensive march with the final price goal of about $ 307,000.
When can BTC reach $ 180,000?
The analyst’s scheme indicates that the BTC move about $ 180,000 will be achieved in the current macro cycle. Given the completion of the sub -wave 4 and the final payment expectations in the continuous Elliott Wave structure, the analyst expected Bitcoin to reach $ 180,000 at some point at the end of March 2025 with the current trading of the original at 97,200 dollars, and this translates into the transfer of 85 % expected within weeks The next seven.
If we look forward, the analyst also expects BTC to reach $ 307,000 at one time around October 2025. However, the exact timeline is still uncertain, and the first main obstacle will be a decisive break exceeding $ 100,000. the The speed raised by Bitcoin This barrier can largely determine how quickly these price predictions reach.
Distinctive image from Unsplash, Chart from TradingView.com
