๐Ÿ’ฅ๐Ÿ’ฅ๐Ÿ’ฅAfter a long hiatus, Iโ€™ve returned to share an in-depth analysis of the Bitcoin market. Current market dynamics indicate weโ€™re nearing the culmination of Bitcoinโ€™s bullish cycle, supported by the Elliott Wave Theory, where weโ€™ve reached the fifth and final stage on the weekly chart. Letโ€™s dive into what this means for Bitcoinโ€™s trajectory and its potential price movements in the coming months and years.

๐’๐ก๐จ๐ซ๐ญ-๐“๐ž๐ซ๐ฆ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค: ๐“๐ก๐ž ๐๐ž๐š๐ค ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐๐ฎ๐ฅ๐ฅ๐›๐š๐œ๐ค๐Ÿ”ฅ

As we approach the end of 2024, Bitcoin is expected to hit its all-time high, with a price range of $109kโ€“$119k. However, this peak will likely be followed by a gradual decline, with Bitcoin stabilizing around the $100k mark in the short term. A notable pullback to the $60kโ€“$65k range is anticipated due to a CME Bitcoin Futures Gap in the $80kโ€“$78k region. Gaps like these have historically acted as magnets for price corrections.

๐“๐ก๐ž ๐๐ข๐ ๐ ๐ž๐ซ ๐๐ข๐œ๐ญ๐ฎ๐ซ๐ž: ๐๐ž๐š๐ซ๐ข๐ฌ๐ก ๐๐š๐ญ๐ญ๐ž๐ซ๐ง๐ฌ ๐€๐ก๐ž๐š๐๐Ÿšจ

Moving into March-April 2025, Bitcoin may face a significant drop, potentially falling to $43kโ€“$45k. This prediction aligns with the formation of a classic Head and Shoulders pattern, with its lower boundary hovering around the $43kโ€“$48k zone. If this level holds strong as support, Bitcoin could recover and revisit the $100k price level by 2027, contingent on favorable macroeconomic conditions.

๐–๐ก๐š๐ญ ๐‹๐ข๐ž๐ฌ ๐€๐ก๐ž๐š๐: ๐‚๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐ญ๐จ ๐–๐š๐ญ๐œ๐ก๐Ÿ’ฅ๐Ÿš€๐Ÿ‘€

For Bitcoin to regain its six-figure status by 2027, two key factors are essential: (1) the $43k support zone must remain intact, and (2) global financial stability must persist. However, if these conditions falter, Bitcoin could revisit its 2020 lows, with a sharp drop to the $9.8k region, influenced by another CME Gap.

This analysis represents my interpretation of the marketโ€™s current structure. If youโ€™ve found it insightful, consider supporting my work with a Binance donation to ID: 36103837. Thank you for your time, and I look forward to sharing more insights in the future.

#Bitcoinโ— #bitcoin #BinanceLaunchpoolBIO #BTCNextMove #Write2Earn