Bitcoin has even to spill the weight of the $ 100,000 brand since it was first broken for the first time at this psychological level at the beginning of December 2024. Although it has managed to trade above this threshold sometimes, the demonstrations have been of short duration, with BTC Retrming below $ 100,000 in recent months. In particular, at the time of writing, the asset is quoted below this level, even recently fell below $ 91,000 In the last seven days. However, the trajectory for Bitcoin remains optimistic, with a technical analysis that shows that the route to $ 180,000 is still valid.
Bitcoin’s Elliott wave structure is aligned with an upward trajectory at $ 180,000.
The fight for Bitcoin to maintain a sustained breakup above $ 100,000 has left many crypto merchants When the next leg higher It will begin. This is because merchants know that an upward Bitcoin is a bullish period for other cryptocurrencies. Interestingly, a cryptographic analyst in TrainingView believe that the answer is found Within the framework of Elliott Wave, noting that BTC will increase to $ 180,000 at a time when the feeling of the market is weaker.
The analyst highlights the price of Bitcoin The movement is still consistent With Elliott’s wave theory, which tracks market cycles through repeated patterns of investor psychology. Despite Bitcoin’s recent volatility, its general structure remains optimistic, and continuous correction is aligned with anticipated sub-wond formations.
According to the analyst, Bitcoin has already completed Sub-Wave 4 after the price accident last week. In particular, Wave 4 is the second corrective movement in the Elliott wave pattern before the fifth and final movement up. With this in mindThe next movement will be the final bunder stage of this cycle, which will finally push Bitcoin to a historical maximum.
In terms of a price prediction, the analyst predicted a higher objective of $ 187,000 during the fifth and last wave. The analyst also pointed out the formation of a rounding bottom pattern, which admits the upward perspective. Interestingly, a cup and handling pattern is also at stake within the largest period. This cup and handling pattern suggests a more widespread rally with a final target price of around $ 307,000.
When can BTC reach $ 180,000?
The analyst’s table suggests that the BTC movement towards $ 180,000 will materialize within the current macro cycle. Given the completion of Sub-Wave 4 and the expectation of a final impulse in the ongoing Wave Elliott structure, the analyst projected that Bitcoin will reach the $ 180,000 mark at some point at the end of March 2025 with the asset currently traded At $ 97,200, this translates to an expected movement of 85% in the next seven weeks.
Looking later, the analyst also anticipates that BTC reaches $ 307,000 at some point around October 2025. However, the exact timeline remains uncertain, and the first important obstacle would be a decisive breakdown above $ 100,000. He speed at which bitcoin bulls You can overcome this barrier will largely determine how fast these price predictions can reach.
Unspash’s prominent image, TrainingView.com graphics
