Bitcoin’s Bull Cycle Nearing the End? What’s Next!
2025-02-05
Category: None

 
Base Scenario:

Development of a triangle in the 4th wave of the impulse. This is the final structure before the last upward movement and the completion of the current bull cycle of  COINBASE:BTCUSD  . The triangle acts as a consolidation phase before the last impulse move upwards.

Alternative Scenarios:
  
Five-wave impulsive structure. The current phase represents the 2nd smaller-degree wave within the developing 5th wave. Once completed, a strong upward impulse is expected, accelerating the movement toward the final targets.

  
Completion of the structure through an ending diagonal. In this case, a final distribution wave is forming, indicating the conclusion of the long-term bull trend. This scenario is typical for the final growth phases before a global correction.

All three scenarios point to continued growth of  BINANCE:BTCUSDT  . The final distribution wave and buying climax are expected in the $120,000 – $145,000 USD range, after which the market may transition into a prolonged bearish phase.

It is crucial to monitor the dynamics of  CRYPTOCAP:USDT.D  and  TVC:DXY  , as Bitcoin's growth is only possible within a downward trend in these indices.

❖ My forecast for USDT.d   

❖ My forecast for  CAPITALCOM:DXY    

Shaka 