Where are we in the Bitcoin cycle?

Bitcoin is currently approaching the end of its current bull cycle. According to Elliott Wave analysis, we may be in the final stages of the Impulse Wave in this wave pattern. This is the stage where Bitcoin may reach a peak before entering a correction cycle.

When should you consider selling?

One important factor to watch is the long-term trendline from 2017. This line has held strong as support over the years, helping to identify important reversal points.

We recommend setting up an alert on TradingView the moment Bitcoin approaches this trend line. This could be a signal for investors to consider selling to take profits.

Important price points to note

  1. Fibonacci level 1.618:
    This is one of the popular Fibonacci extension levels, used by technical analysts to predict potential price zones.

    • For Bitcoin, this extension is currently located near 122,069 USDT, which coincides with the long-term trendline.

    • This is a strong resistance level that could cause Bitcoin to stall or reverse.

  2. Extreme value prediction:
    Some say Bitcoin could reach 200,000 or 300,000 USDT. However, given the current market capitalization, we don't think this is likely.
    Over-predicting values ​​can cause an unsustainable "bubble" mentality.

What happens after the cycle peak?

  • Big adjustment time:
    Based on Bitcoin's history, we can expect a deep correction (bear market) in 2025-2026.

  • Important support zone:
    During the adjustment, the price zone49,000 - 65,000 USDT(previous wave 4 accumulation zone) is likely to act as strong support.
    This could be an opportunity for long term investors to consider adding to their positions.

Important reminder:

  1. This is long term analysis, not investment advice.

  2. Any trading decision should be based on thorough research and personal risk tolerance.

DYOR! #Write2Win #Write&Earn $BTC