Bitcoin has still abandon the weight From $ 100,000 since it broke over this psychological level for the first time at the beginning of December 2024, although sometimes it was possible to trade above this threshold, rallys were tiny -lived, and BTC has recovered below $ 100,000 in recent months. In particular, when you write assets, it is traded below this level, even recently fell below $ 91,000 Over the past seven days. However, the bitcoin trajectory remains stubborn, and technical analysis shows that the path to USD 180,000 is still critical.
The wave structure of Elliott Bitcoin is in line with stubborn trajectory up to USD 180,000.
The fight for Bitcoin for maintaining a enduring breakthrough above $ 100,000 has made many cryptographic traders question When the next leg above will start. This is due to the fact that traders know that stubborn Bitcoin is a stubborn period for other cryptocurrencies. Interestingly, a cryptographic analyst at TradingView He believes that the answer lies As part of Elliott Wave, noting that BTC will escalate to USD 180,000 at a time when market moods are the weakest.
The analyst emphasizes that the price of Bitcoin The movement remains consistent With the theory of Wave Elliott, which follows market cycles through repeated patterns of investor psychology. Despite the recent volatility of Bitcoin, its general structure remains stubborn, and the continuous correction is in line with the expected sub-Fali formations.
According to the Bitcoin analyst, he has already graduated from 4 after a price disaster last week. In particular, Wave 4 is the second repair movement in the Elliott wave pattern before the fifth and last upward movement. With this in mindThe next move will be the last stubborn legs of this cycle, which will eventually push Bitcoin to the highest level.
As for the price forecast, the analyst predicted a high goal in the amount of USD 187,000 during the fifth and last waves. The analyst also noticed the formation of a rounded lower pattern, which supports stubborn perspectives. Interestingly, the gorge of the mug and handle is also in the game in larger time frames. This pattern of a cup and handle suggests a more extended rally with a final target price of around 307,000 USD.
When can BTC reach $ 180,000?
The chart of the analyst suggests that the BTC movement in the direction of USD 180,000 materializes in the current Macro cycle. Considering the completion of yard 4 and the expectation of the final push in the ongoing structure of Wave Elliott, the analyst predicted that Bitcoin would achieve the results of USD 180,000 finally at the end of March 2025 expected 85% movement in the next seven weeks.
Looking further, the analyst also predicts that BTC will reach USD 307,000 around October 2025. However, the exact schedule remains uncertain, and the first sedate obstacle would be a decisive breakthrough above 100,000 USD. . Speed at which Bitcoin Bulls He can move this barrier, he will largely determine how quickly these price forecasts can achieve.
A distinguished picture from Unsplash, tradingview.com chart
