💥💥💥After a long hiatus, I’ve returned to share an in-depth analysis of the Bitcoin market. Current market dynamics indicate we’re nearing the culmination of Bitcoin’s bullish cycle, supported by the Elliott Wave Theory, where we’ve reached the fifth and final stage on the weekly chart. Let’s dive into what this means for Bitcoin’s trajectory and its potential price movements in the coming months and years.
𝐒𝐡𝐨𝐫𝐭-𝐓𝐞𝐫𝐦 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: 𝐓𝐡𝐞 𝐏𝐞𝐚𝐤 𝐁𝐞𝐟𝐨𝐫𝐞 𝐭𝐡𝐞 𝐏𝐮𝐥𝐥𝐛𝐚𝐜𝐤🔥
As we approach the end of 2024, Bitcoin is expected to hit its all-time high, with a price range of $109k–$119k. However, this peak will likely be followed by a gradual decline, with Bitcoin stabilizing around the $100k mark in the short term. A notable pullback to the $60k–$65k range is anticipated due to a CME Bitcoin Futures Gap in the $80k–$78k region. Gaps like these have historically acted as magnets for price corrections.
𝐓𝐡𝐞 𝐁𝐢𝐠𝐠𝐞𝐫 𝐏𝐢𝐜𝐭𝐮𝐫𝐞: 𝐁𝐞𝐚𝐫𝐢𝐬𝐡 𝐏𝐚𝐭𝐭𝐞𝐫𝐧𝐬 𝐀𝐡𝐞𝐚𝐝🚨
Moving into March-April 2025, Bitcoin may face a significant drop, potentially falling to $43k–$45k. This prediction aligns with the formation of a classic Head and Shoulders pattern, with its lower boundary hovering around the $43k–$48k zone. If this level holds strong as support, Bitcoin could recover and revisit the $100k price level by 2027, contingent on favorable macroeconomic conditions.
𝐖𝐡𝐚𝐭 𝐋𝐢𝐞𝐬 𝐀𝐡𝐞𝐚𝐝: 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐭𝐨 𝐖𝐚𝐭𝐜𝐡💥🚀👀
For Bitcoin to regain its six-figure status by 2027, two key factors are essential: (1) the $43k support zone must remain intact, and (2) global financial stability must persist. However, if these conditions falter, Bitcoin could revisit its 2020 lows, with a sharp drop to the $9.8k region, influenced by another CME Gap.
This analysis represents my interpretation of the market’s current structure. If you’ve found it insightful, consider supporting my work with a Binance donation to ID: 36103837. Thank you for your time, and I look forward to sharing more insights in the future.
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