BTC/USDT Elliott Wave Analysis-

Since reaching its lowest point on November 21, 2022, BTC has been on a consistent upward trajectory. The first wave began at $15,476 and peaked at $31,804. Following this, the second wave retraced to $24,901, finding support around the 38.2% Fibonacci level.

The third wave extended from $24,901 to 73,777, establishing a new high. The fourth wave then corrected from $73,777 to $53,485, again finding support near the 38.2% Fibonacci level.

Currently, the fifth wave has commenced, and it is projected to reach the all-time high of $73,777 again. If BTC sustains above this level, it is expected to move up to between $130,000 and $150,000 based on logarithmic analysis, as illustrated in the accompanying figure.

What do you think guys 🤔

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