Bitcoin Elliott Wave Forecast: $328K in the Coming Cycle  (Begin
2024-12-15
Category: None

This analysis, based on Elliott Wave Theory and previous bull run data, projects Bitcoin's next cycle as follows:

Wave 1: An impressive rally took BTC to approximately $71,000, marking the first upward impulse.
Wave 2: A correction brought the price down to $50,000, providing a strong base for the next move.
Wave 3: The largest wave targets $212,000, driven by increasing institutional adoption and market momentum.
Wave 4: A pullback is anticipated around $150,000, acting as consolidation support.
Wave 5: The final leg pushes Bitcoin to a new all-time high of $328,000, completing the bullish structure.
Key Levels:
Support: $50,000, $150,000
Resistance: $71,000, $212,000, $328,000
Timeframe: Extending to late 2025 - early 2026.
This analysis highlights how historical price behavior aligns with current projections. The clean wave structure indicates Bitcoin's bullish path, with significant milestones at each wave.

What are your thoughts on this $328K target? Are we ready for the next wave of growth? 🚀 Share your opinion below!