#BTC
Bitcoin 2024 - 2025 Cycle Analysis - [ELLIOTT WAVES]
I bet you’ve already seen the chart, but let me drop a few explanational words
As you know, every movement has the following structure: «impulse - correction - impulse - correction - impulse». Speaking very roughly, this is what Elliott Waves 1-5 pattern is about
Taking a mark of $16,000 as a bottom (and final) of the previous descending movement, we can also consider it as a start for a New Upward Movement
The first wave (impulse) will be finished at 38.2% level by Fibo. This is $48,500 mark on Bitcoin. Q1 - Q2 of 2024
The third wave will be finished at 78.6% level by Fibo. This is $86,000 mark on Bitcoin. Q2 - Q3 of 2024
The last fifth wave finished at 100% by Fibo. This is $100,000 - $110,000 levels on Bitcoin. Q1 of 2025
And as you can see, corrections during the first three waves usually are very tiny. If you are waiting for a massive correction down to buy more crypto… good luck to make a purchase at $70,000 by the end of 2024
