BTC/USDT Multi-Stage Analysis (Daily & 2-Day Charts Combined)
Validated Projection: BTC Rallied from
82K to $109KOur previous analysis (dated March 14) accurately:
Identified the falling wedge breakout
Projected a rally to $109K
Used Fibonacci zones and measured move targets
Showed a clean 38.2% retracement bounce from $75.2K before the impulsive rise
This historical precision validates our current bullish outlook, strengthening confidence in the extended projection toward $132K–$150K.
Latest 2-Day Chart Setup: Potential Paths From $109K
Scenario A: Bullish Continuation to $150K
Structure: Currently consolidating beneath $109K resistance
Symmetry Setup: Mirrors the prior 100% rally over ~97 days
Projected Move: $109K ➝ $150K (~71% gain) over ~108 days
Bullish Confirmation:
Momentum continuation post-breakout
Strong demand zones holding
Long-term trendline still respected
Scenario B: Bearish Retest to $75K Before Resumption
Potential pullback zone: $75K–$78K
Fibonacci support: 38.2% at ~$77K, 50% at ~
67KWould mimic the prior correction phase from March–May 2024
Offers a solid reaccumulation zone before another leg up
Bearish Risks Include:
Overheated sentiment
Regulatory headwinds
Global macroeconomic shifts
🎯 Long-Term Target Projection: $150,000+
Wave structure and historical patterns support continuation to $132K–$150K
Fibonacci extensions align with:
100% measured move = $132K
1.618 extension = ~$150K+
Backed by our previously accurate wedge breakout projection, this target range becomes highly plausible.
Consolidated Technical Summary
Type Level/Target Notes
Support 1 $89,924 (23.6%) Minor retracement
Support 2 $77,422 (38.2%) Strong historical bounce zone
Support 3 $67,475 (50%) Deeper correction, still bullish
Resistance 1 $109,588 Key breakout level
Target 1 $132,590 100% move projection
Target 2 $150,000+ 1.618 Fibonacci extension
🧠 Analyst Note (Strategy Recommendation):
Already Long from
82K? A trailing stop near 
98K–$101K may help lock in profits.Looking to Enter Fresh?
A break and close above $110K confirms bullish continuation.
A pullback to $75K–$77K offers a high-probability reentry zone.
Note
Note
Note
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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.
For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Related publications
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.