Bitcoin – Long-Term EW-Analysis

Bitcoin – Long-Term EW-Analysis

The chart illustrates our long-term outlook for Bitcoin.

The 1, 2 structure in neon green marks the highest-degree cycle and serves as the foundational framework of our analysis. Nested within it, the 1, 2 sequence in yellow represents the next lower-degree cycle, which in turn unfolds into the powerful wave 3 of neon green.

Within this structure, the green wave count outlines the anticipated five-wave subdivision of wave 3 in yellow. Based on Fibonacci projections, our target zone for this advance lies between the 161.8% extension at 237k and the 261.8% extension at 346k. This zone should be regarded as a guideline for Bitcoin’s potential valuation during the forthcoming yellow wave 3.

Current Trading Outlook

Bitcoin is not expected to rise in a straight line toward this target zone. Instead, we anticipate a corrective wave 2 in green to develop first, providing the necessary foundation for the subsequent impulsive advance into wave 3, followed by wave 4 correction and, ultimately, wave 5 in green — thereby completing yellow wave 3.

For now, our focus is on identifying favorable long-entry opportunities within the projected retracement zone of wave 2 in green. This zone spans the Fibonacci retracements of:

  • 50% at 62k
  • 61.8% at 51k
  • 78.6% at 35k

This area forms the basis of our primary expectation for Bitcoin’s near- to mid-term price action.

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