Bitcoin Is Just About To Continue Higher Within 5th Wave
Jan 30, 2025

BTCUSD

As expected, after we noticed a wave 4 correction back on December 19, Bitcoin is back to all-time highs due to Donald Trump’s inauguration, so it can be now trading in final wave 5, but there can be space for more short-term gains to complete a lower degree five-wave bullish cycle. It slowed down recently, but it can be just a corrective pullback in subwave (2) with nice support at the channel upper line, so be aware of a bullish continuation within subwave (3) of a five-wave bullish cycle that can extend the price even up to 120k – 130k area.

Bitcoin Is Just About To Continue Higher Within 5th Wave from technical point of view and from Elliott wave perspective.
BTCUSD 4H Chart

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