I was fooled by the bearish divergence on the 1W-3W charts in thinking that we'd get another correction from these levels. That is still possible, but this overview is based on if we just continue up from these levels.
Our next stops could be 112K, and 127,500K. Maybe we get a correction from those levels.
I think that the BTC top will probably be around 174K - 250K. If all goes as it has in the past, then we probably top around October of this year. Then we would be in a downward bear market until October of 2026, where the bottom will probably be around 80% from wherever we top.
Also, we do appear to be doing a classic Elliot Wave 5 wave structure, so we may do a big ABC type move downward into October of 2026.
Our next stops could be 112K, and 127,500K. Maybe we get a correction from those levels.
I think that the BTC top will probably be around 174K - 250K. If all goes as it has in the past, then we probably top around October of this year. Then we would be in a downward bear market until October of 2026, where the bottom will probably be around 80% from wherever we top.
Also, we do appear to be doing a classic Elliot Wave 5 wave structure, so we may do a big ABC type move downward into October of 2026.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.