$BTC Bitcoin is going to correct, at least to the level of 86,500. We may end up in a sideways trend for several days.

The cryptocurrency market continues to grow steadily, with Bitcoin leading the rally

, which rose to $89 thousand for the first time in history.

Bernstein Research analysts shared optimistic forecasts and recommended their clients to “buy everything they can.” According to them, Bitcoin will grow to 200,000.

We are observing an upward exit from the triangle!!!
I expect the figure's potential to be realized in the region of 0.00015.
Further on, the trend is exclusively bearish!
Structure breakdown when going below minimum (C). Price - 0.00001220

According to $BTC All the layouts according to the wave analysis are also for growth, which gives us additional guarantees for the execution of the scenario according to $BONK

If you check the chart $BTC daily and do not understand what is happening - this analysis is for you.

So what is the actual issue? And how long does the first cryptocurrency plan to update its all-time highs?

The asset is moving in a clear upward trend, which is well described by the concept of "impulse" from Elliott wave theory. Right now we are in wave [3] of iii of (iii), which is confirmed by the dynamics - it is usually in the middle of the impulse model that it is most often so rapid. There are still plenty of upward iterations ahead, so I believe that

Bitcoin $BTC has begun a global decline in dominance for the first time in its history without a price drop!!! You can see this on the provided chart.

What does all this mean?
Firstly, this indicates that money has started to flow from $BTC into altcoins!
Secondly, this definitely indicates that Bitcoin is close to its maximums in this bullish cycle.

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