Recently, Bitcoin reached a new All Time High of USD 125,725, which comes very close to the historically observed 47 month cycle peak. The purpose of this analysis is to understand how the market can transition into a phase after this peak and what technical patterns may emerge.
1. Introduction If we compare Bitcoin's price movement with previous cycles, we often see a major top or peak around 47 months later. The new ATH matches the timing of this cycle, which signals that the market may now move towards a possible correction phase.
2. Expected Market Movement Cyclical behavior, technical charts and market structure being observed, it is expected that Bitcoin may retest the USD 65,000 40,000 zone in the coming days or weeks.
This projection has been made based on previous cycles, macro environment, and current momentum.$BTC
3. Possible Technical Patterns
a. ABC Corrective Wave (Elliott Wave Theory)
Price may create a 3 wave correction (A B C).
This pattern typically forms when a strong bullish trend hits its top range.
b. Head and Shoulders Formation
This is a classical reversal pattern that signals a weakening of bullish strength.
Often, a mid or long-term retracement follows this pattern.
4. Risk Considerations This analysis is entirely based on technical and cyclical models. Real market movement can also be affected by factors such as macro news, geopolitics, and regulation changes. Every trader should conduct their research and follow proper risk management.
5. Conclusion Bitcoin's new ATH historically matches the 47 month peak, which could indicate a possible correction phase. If the market repeats its previous cycle behavior, the price may pull back to the lower range of 65k 40k, and during this period, an identifiable pattern like ABC correction or Head and Shoulders may develop.
Disclaimer: This analysis is for educational purposes only. It is not financial advice. Every investor should definitely perform their due diligence (DYOR).#BTC #Binance