Bitcoin continues to respect the Main Trend Indicator, keeping the broader super cycle wave (3) intact. Based on our projection, the ongoing bullish leg is expected to complete near $172,000, marking the end of wave (III).
From there, we anticipate a corrective wave (IV) to unfold likely breaking below the uptrend support toward the $107K region. This move will act as the last deep pullback before Bitcoin begins its final explosive rally (wave V) that could extend toward $300K, concluding the entire bull cycle before a true bear market emerges.
Historical Parallel:
To understand this better, it’s important to recall the 2020-2021 bull cycle. Back then, BTC repeatedly tested a similar dynamic trendline, maintaining its strength as long as the structure held. Even after the eventual breakdown that confirmed the bull cycle’s exhaustion, price still pushed to a new all-time high before the real decline began.
This serves as a crucial reminder market tops rarely happen instantly. They evolve with clear structural warnings, and we may be approaching such a phase again.
Key Takeaway:
As long as Bitcoin trades above the Main Trend Indicator, the bull cycle remains valid.
A confirmed breakdown below it, however, will signal the start of the macro correction phase one that may eventually reset the entire structure.
Stay prepared, stay disciplined, and understand that each phase of the cycle brings new opportunities. If you find this analysis insightful, don’t forget to like, share, and drop your thoughts below, your engagement helps keep quality analysis alive!
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