The long-term cup & handle pattern has played out, completing wave (3) around the $122K zone. According to Elliott Wave structure, BTC is now likely to enter wave (4), which could mean a deeper correction toward the $60K–$70K range before the final wave (5) push.
Wave 5 could target new all-time highs later, but for now, caution is key — this phase may shake out weak hands before the next rally.
Key Points:
Cup & handle breakout already done.
Wave 3 peak in place.
Wave 4 correction expected before Wave 5 to ATH.
Not financial advice.
Wave 5 could target new all-time highs later, but for now, caution is key — this phase may shake out weak hands before the next rally.
Key Points:
Cup & handle breakout already done.
Wave 3 peak in place.
Wave 4 correction expected before Wave 5 to ATH.
Not financial advice.
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.