Hi Everyone
As we continue to track Bitcoin’s progress, all eyes are now focused on the final leg of the current wave cycle. With the bull run firmly in motion, we anticipate this phase to evolve into a mega extended wave, potentially delivering explosive price movements. It’s crucial that we stay prepared to navigate and capitalize on this monumental moment together.
The foundation of this move lies in the descending broadening wedge pattern, which served as a precursor to the ongoing bullish momentum. The wedge's target, as highlighted on the chart, has been met at the $98,700 level, providing validation of this structure’s influence on Bitcoin's projection.
In our previous analysis, we were targeting the upper bounds of an ascending channel, with $99,000–$100,000 as key objectives. You can revisit that analysis here:
However, the market dynamics have shifted, and the targets have now extended even higher.
One of the main factors supporting this bullish outlook is the USDT Dominance The chart can be seen here:
USDT.D is approaching a critical support zone, and a breakdown of this level would unlock a highly bullish environment for Bitcoin and altcoins alike. This correlation underscores the potential for continued upside across the crypto market.
At this stage, the immediate demand zone becomes a pivotal area to monitor closely. This zone, ranging from $95,800 to $93,500, is expected to act as a strong support and a potential buy zone. Any dip into this range could offer an excellent buying opportunity for those looking to position themselves for the next leg upward.
The chart outlines all significant levels and zones to watch for decisive market movements. As we move forward, stay vigilant and adaptable—this journey through the last leg of the wave cycle is a critical phase in Bitcoin’s bull run.
Let’s make the most of this opportunity and navigate these exciting market conditions together.
Best of luck and profitable trading to all!
Trade at your own Risk 👍
Regards, Trade Cryptocurrency
Stay Tuned for Further Updates.
