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“Bitcoin Weekly Elliott Wave Analysis: Wave 3 Targeting $235K”

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📈 BTC/USD Weekly Elliott Wave Outlook
🗓️ Chart Published: May 5, 2025
💰 Current Price: $94,359

🚨 Wave 3 Has Begun — Long-Term Bullish Outlook

According to the Elliott Wave count on this weekly chart:

1️⃣ Wave 1 (2023–2024) is complete.
2️⃣ Wave 2 (a deep correction) successfully held support at the channel base.
3️⃣ Wave 3 is now unfolding and could reach between $235K and $288K — potentially a +215% rally from the current price.
4️⃣ Wave 4 correction expected in the $175K–$200K zone around 2029.
5️⃣ Wave 5 could take BTC beyond $300K+ in early 2030s.

📊 This is a macro impulse structure, where Wave 3 is historically the strongest. Price is trending well within the long-term ascending channel, giving confidence in a multi-year bull trend.

📍 Key Levels to Watch:

Wave 3 targets: $235,000–$288,000

Wave 4 correction zone: $175,000–$200,000

Final wave 5: To be projected post-Wave 4

📚 "Patience is profit." We're early in Wave 3 — the biggest opportunity for high R:R setups.

📎 #Bitcoin #ElliottWave #BTCUSD #CryptoForecast #TechnicalAnalysis #Wave3 #MacroTrend #BTCto250K #CryptoBullRun #TradingView #BTC2030

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