BTC/USDT Elliott Wave Analysis

Since hitting its low on November 21, 2022, BTC has been on a consistent upward trajectory. The first wave started at $15,476 and peaked at $31,804. The second wave then retraced to $24,901, finding support around the 38.2% Fibonacci level.

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

Now, the fifth wave has begun and it is expected to reach an all-time high of $73,777 again.

If BTC sustains above this level, it is expected to rise to between $130,000 and $150,000 based on logarithmic analysis, as illustrated in the accompanying figure. $BTC #Write&Earn