Bitcoin Range Structure; Ready for Breakout and a Move to $122K
2025-01-23
Category: None

💹 Bitcoin has been ranging between $90,000 and $108,000 for the past two months. Initially, it completed a five-wave pattern forming a wedge and reached the top of the range.
🔄 After that, a three-wave correction occurred to the $90,000 level, where buyers supported the price. Now, a new move is starting toward the top of the range.

🚀 This new move appears to be an impulsive wave aiming to break through the $108,000 level.
⚡ Before this breakout, the price has entered a correction phase, which is likely forming a Kazimodo pattern.

🎯 If the $108,000 level is broken, the first target will be $122,000. With this breakout, higher targets will be within reach, and the bullish trend can continue.

✅ Stay alert for price reactions at the support level and be ready for new signals to enter the market.