Fun

Bitcoin To Surge To $130,000 Next? What The Wave Count Says

News Feed - 2025-06-26 09:06:47

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


After a week of volatile price action, Bitcoin has once again returned to familiar territoryaround the $106,000 price level. However, on-chain data shows that investors are still cautious, with the crypto Fear & Greed Index now in the neutral zone. 


On the other hand, technical analysis of Bitcoin’s price action on the 4-hour candlestick timeframe chart shows that its price behavior has completed a significant correction, one that’s paving the way fora major rally to $130,000.  Bitcoin’s Wave 2 Correction Might Be Complete


According to XForceGlobal, a crypto analyst who posted a detailedElliott Wave chart on the social platform X, Bitcoin’s recent correction fits neatly within a completed WXY pattern. The second wave, which started following the all-time high of $111,814 on May 22 and formed the corrective structure, has now retraced into the expected Fibonacci range between the 23.6% and 38.2% levels. Notably, the ideal minimum target for this correction move was in the $90,000 region, and Bitcoin fulfilled that condition with the pullback to just under $98,200over the weekend. Related Reading Bitcoin Elliott Wave Count Predicts Further Crash To $94,000, But What Next? 1 day ago


The most important thing was in preserving the macro wave structure. Instead of drawing out adeeper pullback into the 0.618 to 0.886 Fibonacci levels, which is often characteristic of bear market retracements, the analysis maintains the idea that this was a wave 2 correction within a larger bullish impulse.  Source: XForceGlobal on X


This distinction is important. If the WXY correction is indeed complete and wave 2 has concluded, the next logical move in the Elliott Wave sequence is a third wave advance. According to Elliott Wave analysis, the third wave is often the most explosive in terms of price expansion. Its outcome could therefore push the price of Bitcoin to new heights that are significantly higher than its most recent all-time high. Why $130,000 Is A Realistic Target For Bitcoin


The analyst’s technical projection on Bitcoin’s 4-hour candlestick timeframe chart shows an expected wave 3 trajectory extending beyond $111,800, with an expansion arrow reaching up above $130,000. This is the expansion move and is based on a similar projection of Wave 1. Related Reading Bitcoin To Surge To $130,000 Next? What The Wave Count Says 42 minutes ago


In the accompanying chart, the analyst marks the key pivot zone between $98,000 and $102,000 as the Wave C termination area. If this zone indeed marks the completion of the second wave, the next movement would require validation through the formation of a clear 1-2 structure within Wave 3. 


This means that confirmation of the bullish count also depends on the price making a new local high above the current range and then pulling back without breaching the recent lows. If that structure plays out, then the market would likely be in the early stages of a powerfulthird wave.


Bitcoin has already made an 8% price gain after it dropped to a low of $98,200 following U.S. airstrikes on Iranian nuclear sites. The most significant upward move came on Tuesday, June 24, when reports of a Middle East cease-firepushed Bitcoin up roughly 4%. At the time of writing, Bitcoin is trading at $106,330. BTC trading at $107,071 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Pixabay, chart from Tradingview.com

News Feed

Martin Young3 hours agoCelsius seeks court approval to start repaying customers by year-endThe embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before th
CFTC Chairman Confirms Ether Cryptocurrency Is a Commodity
CFTC Chairman Heath Tarbert has said ether, the world’s second-largest cryptocurrency by market capitalization, is a commodity. Speaking at the Yahoo! Finance All Markets Summ
Edward Snowden Says Bitcoin Up 10x Since He Tweeted About Buying It, China’s Ban Makes BTC Stronger
Edward Snowden Says Bitcoin Up 10x Since He Tweeted About Buying It, China"s Ban Makes BTC Stronger Privacy activist and whistleblower Edward Snowden says that bitcoin is up about
Brayden Lindrea44 minutes agoOnlyFans, Patreon models turn to Web3 amid payment and censorship fearsPatreon creators had difficulties getting paid in August, while OnlyFans once tried to ban porn on the platform, forcing
Creators of the Cool Cats NFT Collection Sign With Leading Talent Agency CAA
Creators of the Cool Cats NFT Collection Sign With Leading Talent Agency CAA According to a report released on Friday, the creators of the non-fungible token (NFT) collection Cool
China to Add Cryptocurrency Mining to ‘Negative List for Market Access’ Making the Industry Off-Limits to Investors
China to Add Cryptocurrency Mining to "Negative List for Market Access" Making the Industry Off-Limits to Investors China has proposed adding cryptocurrency mining to the country&#
BlackRock's BTC ETF investors keep buying despite ‘plummeted’ Bitcoin outlook
Brayden Lindrea6 hours agoBlackRock"s BTC ETF investors keep buying despite ‘plummeted’ Bitcoin outlookThe amount of positive Bitcoin commentary on social media is just a third of what it was four months ago, accordi
Second Stimulus Checks: When Lawmakers Will Pass Relief Package With Direct Payments to Americans
Second Stimulus Checks: When Lawmakers Will Pass Relief Package With Direct Payments to Americans Negotiations on a new coronavirus aid stimulus package are stil
Publicly-Listed Bitcoin Mining Operations See Shares Skyrocket, Riot Blockchain Market Cap Reaches $1B
Publicly-Listed Bitcoin Mining Operations See Shares Skyrocket, Riot Blockchain Market Cap Reaches $1B While bitcoin’s value has captured new all-time pric
Bitcoin Sets New All Time High Spiking Over $35,000
Bitcoin Sets New All Time High Spiking Over $35,000 Bitcoin’s record-breaking start to the new year continued on January 5 after the top crypto set another
SEC and Ideanomics settle in fraudulent $40M crypto revenue reporting
Amaka Nwaokocha47 minutes agoSEC and Ideanomics settle in fraudulent $40M crypto revenue reportingThe Ideanomics case exemplifies the potential consequences of misleading financial practices and reinforces the need for r
Bitcoin.com Exchange Announces Public Sale of the IDEA Token on January 26, 2021
Bitcoin.com Exchange Announces Public Sale of the IDEA Token on January 26, 2021 PRESS RELEASE. January 12, 2021 – Bitcoin.com Exchange, one of the leading