I continue to share with you my understanding of the market based on wave analysis (which, as we all know, does not work and has long been “proven”)
Involuntarily, the calendar forces us to draw some conclusions.
We have passed the peak of the third wave of the current bullish cycle (I wrote about entering it with a target of ~100k back in the summer) and have entered the corrective fourth wave.
I remind you that wave analysis does not provide clear time intervals, nor does it answer what the price will be this week. It is a tool for analyzing global cycles on daily and weekly timeframes.
$BTC has already gained enough weight for distinct waves to start appearing in this time range, but still not enough for them to be clearly expressed on shorter intervals. There is still a lot of thin market and situational manipulations.
According to my estimates, the 4th wave leads us to the level of 80k. This will happen within the next couple of months (it is difficult to foresee what global impulses will make their corrections). Further, there is serious resistance in the global rising trend of the deflationary nature of this asset, and it is around this level that the movement on the corrective waves ABC will unfold, which may roll us down lower at times.
But before that, we will see the 5th wave, which will be perceived by many as a recovery of growth (but it's not). $BTC
#BtcNewHolder This is the approximate picture for the upcoming 2025. Everyone profits who is not shaved. And for those who are shaved - even more profit.
I will answer interesting questions in the comments.