Bitcoin (BTC) is currently trading at approximately $96,390, approaching the $116,000 mark. Here's a short-term analysis using Cycle Analysis, Elliott Wave Theory, and Gann Analysis to inform potential trading strategies.
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📈 Cycle Analysis: Mid-2025 Surge
Historical patterns suggest that Bitcoin tends to reach its peak between 518 and 546 days after a halving event. Given the most recent halving in April 2024, analysts anticipate a potential price peak around mid-2025, approximately 1.5 years post-halving. Notably, Bitcoin is currently about 35 days ahead of its typical cycle, indicating a possible acceleration in price growth.
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📊 Elliott Wave Analysis: Wave 3 in Progress
Elliott Wave Theory suggests that Bitcoin is currently in the third wave of its bullish cycle, which is typically the most powerful and extended wave. Recent analyses indicate that the third wave is unfolding, with potential targets ranging from $114,500 to $120,500. A conservative estimate places the peak of this wave between $127,000 and $150,000
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📐 Gann Analysis: Price-Time Equilibrium
Gann Analysis utilizes geometric angles to predict price movements. The "2×1 Fan" line, representing a 45-degree angle, is considered a fair value line. Historically, Bitcoin's price has peaked near this line during parabolic run-ups. Currently, Bitcoin's price is approaching this level, suggesting a potential peak.
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🧭 Short-Term Trade Setup
✅ Entry Points:
• Accumulation Zone: $85,000 to $90,000
• Current Price: $96,390
🎯 Target Levels:
• Short-Term Peak: $116,000 to $135,000
• Medium-Term Peak: $150,000
⚠️ Risk Management:
• Potential Correction: After reaching the peak, anticipate a significant pullback, possibly 30–50%.
• Exit Strategy: Consider taking profits as Bitcoin approaches upper resistance zones.
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🧾 Conclusion
Bitcoin is in the final stages of its current bullish cycle, with projections indicating a potential peak between $150,000 and $278,000. However, caution is warranted as market corrections are typical following such surges. Investors should consider taking profits as Bitcoin approaches upper resistance levels and prepare for potential pullbacks.
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📈 Cycle Analysis: Mid-2025 Surge
Historical patterns suggest that Bitcoin tends to reach its peak between 518 and 546 days after a halving event. Given the most recent halving in April 2024, analysts anticipate a potential price peak around mid-2025, approximately 1.5 years post-halving. Notably, Bitcoin is currently about 35 days ahead of its typical cycle, indicating a possible acceleration in price growth.
________________________________________
📊 Elliott Wave Analysis: Wave 3 in Progress
Elliott Wave Theory suggests that Bitcoin is currently in the third wave of its bullish cycle, which is typically the most powerful and extended wave. Recent analyses indicate that the third wave is unfolding, with potential targets ranging from $114,500 to $120,500. A conservative estimate places the peak of this wave between $127,000 and $150,000
________________________________________
📐 Gann Analysis: Price-Time Equilibrium
Gann Analysis utilizes geometric angles to predict price movements. The "2×1 Fan" line, representing a 45-degree angle, is considered a fair value line. Historically, Bitcoin's price has peaked near this line during parabolic run-ups. Currently, Bitcoin's price is approaching this level, suggesting a potential peak.
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🧭 Short-Term Trade Setup
✅ Entry Points:
• Accumulation Zone: $85,000 to $90,000
• Current Price: $96,390
🎯 Target Levels:
• Short-Term Peak: $116,000 to $135,000
• Medium-Term Peak: $150,000
⚠️ Risk Management:
• Potential Correction: After reaching the peak, anticipate a significant pullback, possibly 30–50%.
• Exit Strategy: Consider taking profits as Bitcoin approaches upper resistance zones.
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🧾 Conclusion
Bitcoin is in the final stages of its current bullish cycle, with projections indicating a potential peak between $150,000 and $278,000. However, caution is warranted as market corrections are typical following such surges. Investors should consider taking profits as Bitcoin approaches upper resistance levels and prepare for potential pullbacks.
Note
Expecting price reversal for Btc soon.. After few hours. Present price 93800Note
Short term target 103500 achieved .
Trade active
Finally target 116,000 achieved !!Trade closed: target reached
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.
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.