Bitcoin’s bullish cycle is nearing its peak, with the major Elliott Wave impulse almost fully developed. The key factor for long-term investors is the 2017–2021 trendline, which has served as a crucial guide for Bitcoin's price trajectory. When Bitcoin touches this trendline again, it’s likely a strong signal to take profits and exit the market. To stay prepared, set an alert on TradingView to ensure you don’t miss this critical resistance point.
Resistance Levels to Watch🎉
The trendline isn’t the only hurdle to keep an eye on. The Fibonacci extension (1.618 FIB) aligns closely with this level, acting as a static resistance point at $122,069 USDT. While some may speculate about Bitcoin soaring to $200k or $300k in 2025, this is highly unlikely given Bitcoin’s current market cap. The combination of the dynamic trendline and the fixed Fibonacci level forms a strong barrier, making this zone the ideal point to sell and lock in profits.
Post-Bull Market Strategy🔥
Once Bitcoin hits its peak, prepare for the inevitable correction that follows. Historical patterns suggest a bear market will likely dominate from 2025 to 2026. According to Elliott Wave theory, Wave (4) serves as a robust support zone, typically targeted by whales for accumulation. This suggests Bitcoin’s price could find stability around $50k–$65k, providing an excellent entry point for the next cycle.
🎯Final Thoughts🎯
Navigating the crypto market requires timing and discipline. Selling Bitcoin near the $122k level and waiting for the correction to buy back at lower prices could maximize your gains. Remember, this is a long-term perspective and not a short-term trade setup. For altcoin-specific analysis, drop a comment with your favorite token, and don’t forget to like and follow for more expert insights. Trading can be straightforward with the right strategy and guidance!
Disclaimer: This is not financial advice. Always conduct your research and invest responsibly.
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