Bitcoin (BTC) to Hit $200,000? Elliott Wave Pattern Breakdown
2025-07-13 10:42:13
Main Idea
The article discusses the potential for Bitcoin (BTC) to reach $200,000 based on Elliott Wave Theory, while also cautioning about possible corrective phases.
Key Points
1. Elliott Wave Theory suggests Bitcoin may have completed a motive phase, with prices rising from $65,000 to $90,000 in the first impulsive wave.
2. The third wave, considered the strongest, has intensified the rally, with high volume supporting the upward trend.
3. A corrective A-B-C retracement is possible, and traders should be cautious despite the potential for Bitcoin to reach $140,000 to $200,000 if momentum continues.
4. The RSI indicator may signal an impending corrective phase, which traders should monitor.
5. Bitcoin's price has shown significant growth, with mentions of it being up 3,900,000% since its first TV mention.
Description
We might see Bitcoin way higher than now if things align perfectly
