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 ?
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.