Bitcoin has Still the weight From the $ 100,000 mark since it came across this psychological level for the first time in early December 2024. While it was at times about this threshold, rallies were short-lived, with BTC being due to less than $ 100,000 in the past few months. Remarkably, the asset at the time of the letter is under this level, which recently Sunk under 91,000 US dollars In the last seven days. However, the trajectory for Bitcoin remains optimistic, whereby the technical analysis shows that the path to $ 180,000 is still valid.
Bitcoin’s Elliott’s shaft structure matches the bullish trajectory to $ 180,000.
The fight for Bitcoin for a continued outbreak of over 100,000 US dollars has questioned many crypto dealers When the next leg is higher will begin. This is because dealers know that a Bullisches Bitcoin is a bullish time for other cryptocurrencies. Interestingly, a crypto analyst at Tradingview thinks the answer is In the Elliott Wave -Framework it is found that BTC will increase to $ 180,000 at a time if the market mood is the weakest.
The analyst emphasizes the price of Bitcoin Movement remains consistent With the Elliott Wave theory, which follows market cycles through repeated patterns of investor psychology. Despite the recent volatility of Bitcoin, its overall structure remains optimistic, and the ongoing correction corresponds to the expected sub -wave formations.
According to the analyst, Bitcoin has already completed Subwave 4 after the price crash last week. Remarkably, Wave 4 is the second correction movement in the Elliott Wave pattern before the fifth and final path upwards. In this senseThe next step will be the last bullish leg of this cycle, which will ultimately push Bitcoin to an all -time high.
With regard to a price forecast, the analyst predicted an all-time high destination of $ 187,000 during the fifth and final wave. The analyst also found the formation of a rounded floor pattern that supports the optimistic outlook. Interestingly, a cup and action breakout pattern is also in the game. This cup and the pattern of action indicates an extended rally with a final price target of $ 307,000.
When can BTC reach $ 180,000?
The analyst diagram indicates that the step of BTC towards 180,000 US dollars will occur within the current macrocycle. In view of the completion of the underwelling 4 and expecting a final advance, a predicted move of 85% within the next seven weeks.
If the analyst continues, the analyst expects BTC to reach $ 307,000 in October 2025. However, the exact timeline remains uncertain, and the first major hurdle would be a crucial outbreak of over $ 100,000. The Speed, with the Bitcoin bull Can go beyond this barrier, largely determines how quickly it can reach these price forecasts.
Selected picture of Unsplash, diagram of tradingview.com