Bitcoinโs bullish cycle is nearing its peak, with the major Elliott Wave impulse almost fully developed. The key factor for long-term investors is the 2017โ2021 trendline, which has served as a crucial guide for Bitcoin's price trajectory. When Bitcoin touches this trendline again, itโs likely a strong signal to take profits and exit the market. To stay prepared, set an alert on TradingView to ensure you donโt miss this critical resistance point.
Resistance Levels to Watch๐
The trendline isnโt the only hurdle to keep an eye on. The Fibonacci extension (1.618 FIB) aligns closely with this level, acting as a static resistance point at $122,069 USDT. While some may speculate about Bitcoin soaring to $200k or $300k in 2025, this is highly unlikely given Bitcoinโs current market cap. The combination of the dynamic trendline and the fixed Fibonacci level forms a strong barrier, making this zone the ideal point to sell and lock in profits.
Post-Bull Market Strategy๐ฅ
Once Bitcoin hits its peak, prepare for the inevitable correction that follows. Historical patterns suggest a bear market will likely dominate from 2025 to 2026. According to Elliott Wave theory, Wave (4) serves as a robust support zone, typically targeted by whales for accumulation. This suggests Bitcoinโs price could find stability around $50kโ$65k, providing an excellent entry point for the next cycle.
๐ฏFinal Thoughts๐ฏ
Navigating the crypto market requires timing and discipline. Selling Bitcoin near the $122k level and waiting for the correction to buy back at lower prices could maximize your gains. Remember, this is a long-term perspective and not a short-term trade setup. For altcoin-specific analysis, drop a comment with your favorite token, and donโt forget to like and follow for more expert insights. Trading can be straightforward with the right strategy and guidance!
Disclaimer: This is not financial advice. Always conduct your research and invest responsibly.
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