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BullishBanter
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#Bitcoin Elliott Wave Update – Final Wave 5 in Motion
$BTC has successfully completed Waves (1) through (4) and is now advancing into the final leg of the current Elliott Wave structure — Wave (5). Price action remains bullish with momentum intact and support levels respected.
Wave 5 Target Projections
– 1.0 Fib Extension: $125,084
– 1.618 Fib Extension: $132,359
Technical Highlights
• Wave (4) found solid support at $115,400
• Uptrend structure remains valid with no current bearish divergence
• $121,000 acts as short-term resistance; a clean breakout may trigger acceleration toward $132,359
• Breakdown below $115,400 would invalidate the current wave count
Traders should monitor closely. A breakout above $121K with strong volume could offer short-term long opportunities targeting the 1.618 extension zone.
$BTC
{future}(BTCUSDT)
$BTC has successfully completed Waves (1) through (4) and is now advancing into the final leg of the current Elliott Wave structure — Wave (5). Price action remains bullish with momentum intact and support levels respected.
Wave 5 Target Projections
– 1.0 Fib Extension: $125,084
– 1.618 Fib Extension: $132,359
Technical Highlights
• Wave (4) found solid support at $115,400
• Uptrend structure remains valid with no current bearish divergence
• $121,000 acts as short-term resistance; a clean breakout may trigger acceleration toward $132,359
• Breakdown below $115,400 would invalidate the current wave count
Traders should monitor closely. A breakout above $121K with strong volume could offer short-term long opportunities targeting the 1.618 extension zone.
$BTC
{future}(BTCUSDT)
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