BitcoinShort
My View on the Current Bull Run and Future Price Action
Disclaimer: I am not an expert in technical analysis. However, in order to track whether my views are correct or not over time, I’d like to share my current analysis here.
After reviewing the market structure, I believe that Bitcoin (BTC) will not surpass 100K in this bull run. Instead, we are likely to see a shift in momentum towards a reversal. Here's how I see it unfolding:
Peak Below 100K: Bitcoin will likely face strong resistance around the 100K level and will not break past this in this cycle.
Correction Wave A (~54K): After the peak, I expect a decline forming the Wave A correction, targeting around 54K, which aligns with the support level we saw in September 2024.
Wave B Bounce (~81K): Following the decline, a Wave B bounce could push Bitcoin back up to 81K before we see another reversal.
Bearish Wave C (~42K or Lower by 2026): Finally, we could see a deeper correction as Bitcoin enters Wave C, potentially taking prices down to 42K or lower by 2026.
This is my current outlook based on technical analysis, but as always, markets are unpredictable. I’ll be watching for confirmation of these levels in the coming months.
After reviewing the market structure, I believe that Bitcoin (BTC) will not surpass 100K in this bull run. Instead, we are likely to see a shift in momentum towards a reversal. Here's how I see it unfolding:
Peak Below 100K: Bitcoin will likely face strong resistance around the 100K level and will not break past this in this cycle.
Correction Wave A (~54K): After the peak, I expect a decline forming the Wave A correction, targeting around 54K, which aligns with the support level we saw in September 2024.
Wave B Bounce (~81K): Following the decline, a Wave B bounce could push Bitcoin back up to 81K before we see another reversal.
Bearish Wave C (~42K or Lower by 2026): Finally, we could see a deeper correction as Bitcoin enters Wave C, potentially taking prices down to 42K or lower by 2026.
This is my current outlook based on technical analysis, but as always, markets are unpredictable. I’ll be watching for confirmation of these levels in the coming months.
Disclaimer
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