🔥𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭: 𝐖𝐚𝐯𝐞 𝟒 𝐏𝐮𝐥𝐥𝐛𝐚𝐜𝐤 𝐁𝐞𝐟𝐨𝐫𝐞 𝐚 𝐒𝐮𝐫𝐠𝐞 𝐭𝐨 𝐍𝐞𝐰 𝐇𝐢𝐠𝐡𝐬🎯🚨🚨

Bitcoin's price movement suggests a significant retracement ahead before resuming its upward trajectory. Following the completion of Wave 3 in December 2024, which began its bullish rise in August 2024 (see orange markers), Bitcoin is now navigating Wave 4 as part of an ABC correction pattern. Currently, the asset has completed sub-wave A and is advancing through sub-wave B, which is expected to peak by the first week of January 2025.

Once sub-wave B reaches its peak, Bitcoin is projected to decline further in sub-wave C, potentially bottoming out at $86,000. This correction is typical for a Wave 4 pullback and is necessary to set the stage for the final bullish leg of the impulse wave. (Refer to the blue markers for a detailed wave structure).

Upon completing Wave 4, Bitcoin is anticipated to reverse direction and enter Wave 5, aiming for a new high of $115,000 by mid-February 2025. With the current price hovering around $95,361 (-3.67%) for perpetual contracts and $95,486 (-3.81%) for spot markets, traders should prepare for potential volatility before the next significant rally.

This analysis highlights a classic Elliott Wave structure, offering a roadmap for the months ahead. As always, remain cautious and conduct thorough research before making any trading decisions.

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