Bitcoin Enters Wave V With Potential for Expansion Toward $185K Amid Bullish Technicals and Sentiment
2025-07-13 16:01:37
Main Idea
Bitcoin's Wave V surge indicates a new bullish cycle with technical and on-chain metrics suggesting a potential price target of $185,000.
Key Points
1. Bitcoin's Wave V is characterized by a robust bullish structure, with key technical indicators like weekly EMAs and RSI supporting the uptrend.
2. Technical analysis suggests Wave V could surpass Wave I, potentially driving Bitcoin's price to approximately $185,000.
3. On-chain data shows long-term holders maintaining positions, indicating strong market sentiment and confidence in Bitcoin's upward trajectory.
4. Despite short-term market pressures, Bitcoin's entry into Wave V remains constructive, supported by favorable technical and on-chain indicators.
Description
Bitcoin has re-entered price discovery, signaling a significant phase in its macro cycle with technicals and sentiment aligning for potential growth. Wave V is underway, supported by upward-trending weekly EMAs
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