This is a long-term BTCUSD (1W) chart analysis, combining macro Elliott Wave structure and technical support using Fibonacci extension levels.
The “3?” label is not placed arbitrarily — it’s derived from Fibonacci projections, extending from Wave 1 and the retracement in Wave 2. The estimated target zone near $200K aligns with the 1.618–2.618 Fibonacci extension level, often associated with Wave 3 in classical Elliott Wave theory.
Structure:
Wave 1: Peaked around $20K (2017 cycle top).
Wave 2: Corrective phase bottomed around $3–4K.
Wave 3 (current): BTC has broken prior all-time highs and is consolidating in the $60K–$70K zone — likely a re-accumulation phase before a breakout.
Key Zones:
Green boxes mark historical accumulation and support/resistance zones.
Orange circles highlight areas of consolidation and buying interest during major corrections.
The current green zone (~$60K) may act as a mid-cycle base before the next impulsive move.
Targets & Risk Management:
Upside target: $180K–$220K range (based on Fib extension).
Stop-loss zone: Below $55K, as a breakdown here may invalidate the current bullish structure.
Conservative risk management is advised.
Final Thoughts:
This analysis is grounded in historical behavior and Fibonacci logic — not just hopeful speculation. If BTC is indeed in Wave 3 of this macro cycle, the most explosive phase may still be ahead. The “3?” target is based on measurable data, not guesswork.
The “3?” label is not placed arbitrarily — it’s derived from Fibonacci projections, extending from Wave 1 and the retracement in Wave 2. The estimated target zone near $200K aligns with the 1.618–2.618 Fibonacci extension level, often associated with Wave 3 in classical Elliott Wave theory.
Structure:
Wave 1: Peaked around $20K (2017 cycle top).
Wave 2: Corrective phase bottomed around $3–4K.
Wave 3 (current): BTC has broken prior all-time highs and is consolidating in the $60K–$70K zone — likely a re-accumulation phase before a breakout.
Key Zones:
Green boxes mark historical accumulation and support/resistance zones.
Orange circles highlight areas of consolidation and buying interest during major corrections.
The current green zone (~$60K) may act as a mid-cycle base before the next impulsive move.
Targets & Risk Management:
Upside target: $180K–$220K range (based on Fib extension).
Stop-loss zone: Below $55K, as a breakdown here may invalidate the current bullish structure.
Conservative risk management is advised.
Final Thoughts:
This analysis is grounded in historical behavior and Fibonacci logic — not just hopeful speculation. If BTC is indeed in Wave 3 of this macro cycle, the most explosive phase may still be ahead. The “3?” target is based on measurable data, not guesswork.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.