Bitcoin breaks through 66K! Next stop: 220K-280K historical peak?
BTC latest analysis and update -
Bitcoin is now $65,705...
As I told you two days ago, after Bitcoin broke through the $66,000 mark, according to my daily and weekly chart analysis, it is doing well.
Bitcoin always goes up and down, ups and downs, like the impulse waves and correction waves in the Elliott Wave Theory...
So, now the range of $65,200 to $66,700 will be the next stable area, and then it may continue to rush to around $68,500 to $69,700.
Once it breaks through $70,000, it will definitely hover between $69,000 and $70,000, but the next step will be to try to break through the previous all-time high of $73,700, and then start to create new daily and weekly all-time highs from February to March 2025. After that, it will rest for about 200 days. Then, starting from September 2025, the next bull run, which is the final step, will move towards the target of $220,000 to $280,000.
However,
where this step will eventually go depends on what the previous all-time high is, such as around March 2025.
If Bitcoin is between $95,000 and $115,000 at that time,
then the final all-time high may be between $185,000 and $210,000.
However,
If the new historical high point in February to March 2025 is between $135,000 and $165,000,
then the final historical high point of Bitcoin in 2025 may be around $220,000 to $280,000.
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