Bitcoin (1D) Wave Analysis:
BTC/Tether Perpetual Futures on the daily chart displays a consistent wave pattern.
The first impulse saw an 11.4% rise, followed by an 8-day consolidation.
A second impulse of 9.1% preceded a 13-day consolidation.
The third impulse delivered a 9.6% gain, with a subsequent 5-day consolidation.
With an average impulse range of 10%, a fourth impulse is projected, potentially pushing #BTC to new highs.
The current price is approximately $103,000 which is about 7% below the 52-week high and all-time high of $109,967 reached on January 20, 2025.
The three prior legs were driven by a combination of macroeconomic and market factors: the US-China Tariff Agreement, strong corporate earnings, a benign inflation report, and the S&P500 crossing above its 200-day moving average.
These catalysts fueled bullish sentiment across markets, including #BTC. However, for a fourth leg to materialize, BTC may require another strong catalyst. Without such a trigger, it might struggle to muster the momentum needed for a new impulse.
Having already seen three impulses, BTC is on the horizon to challenge the 52-week high and all-time high levels.
The key question is whether buyers have enough strength to drive another impulse (leg). If this occurs, will it be sufficient to break through and establish a new all-time high ?
BTC/Tether Perpetual Futures on the daily chart displays a consistent wave pattern.
The first impulse saw an 11.4% rise, followed by an 8-day consolidation.
A second impulse of 9.1% preceded a 13-day consolidation.
The third impulse delivered a 9.6% gain, with a subsequent 5-day consolidation.
With an average impulse range of 10%, a fourth impulse is projected, potentially pushing #BTC to new highs.
The current price is approximately $103,000 which is about 7% below the 52-week high and all-time high of $109,967 reached on January 20, 2025.
The three prior legs were driven by a combination of macroeconomic and market factors: the US-China Tariff Agreement, strong corporate earnings, a benign inflation report, and the S&P500 crossing above its 200-day moving average.
These catalysts fueled bullish sentiment across markets, including #BTC. However, for a fourth leg to materialize, BTC may require another strong catalyst. Without such a trigger, it might struggle to muster the momentum needed for a new impulse.
Having already seen three impulses, BTC is on the horizon to challenge the 52-week high and all-time high levels.
The key question is whether buyers have enough strength to drive another impulse (leg). If this occurs, will it be sufficient to break through and establish a new all-time high ?
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.