I will immediately outline the possible variations for Bitcoin that I have discussed in my reviews.
In the case that our growth has ended with a terminal diagonal with the peak of wave 5 at the mark of 126,000, the current movement can fit into 2 models.
Option 1 - a 5-wave structure down, which can be marked as wave A of the cycle, then there would be B and C with movement to 50k and below.
Option 2 - a completed WXY structure, which ends with wave Y in the structure 98 - 69,000.
In both variations, growth from the current point is possible through an entry impulse.
Variation through the plane with a peak at 110,000 from January 2025, and the formation of ABC with the end of wave C in a terminal diagonal, in this case, we have completed 3 waves down, there will be 4 and 5.
In all variations, a rebound, correction, price reversal upwards can be expected, and one must carefully monitor the candle structure on the 4-hour and daily charts.
The market estimates the likelihood of a decrease in the US Federal Reserve's interest rate by April at 30%, and by June at more than 80%, reported Walter Bloomberg.
There is still no confirmation that the 5th wave of dominance has ended. This will be confirmed by a break of the trendline. Therefore, I assume that we are still forming wave b of 4. We will see soon. Will another high be formed that will complete 5 of 5, or will there be a slow decline downwards?