The Trust Layer for Market Analysts

The analysis focuses on Bitcoin's (BTCUSDT) potential move from its current price around $76,795.7. The primary thesis suggests that Bitcoin has completed a five-wave move up from its 2022 low, potentially concluding its first wave (wave 1). The subsequent expected movement is a three-wave corrective pullback, labeled as wave 2, which could see Bitcoin retrace to potential support levels around $56,564 (38.20% Fibonacci retracement), $44,083 (50% Fibonacci retracement), $34,484 (61.80% Fibonacci retracement), or even $24,310 (78.60% Fibonacci retracement). Following this corrective phase, the analysis anticipates a significant upward movement, predicting Bitcoin could reach new highs, potentially targeting $500,000, and even exceeding $1,000,000 in the long term. The primary count suggests Bitcoin is in a corrective phase (wave 2) expected to unfold as a three-wave structure (a-b-c), with the market likely to find a bottom in the range of $40,000 to $45,000 before initiating a strong rally in wave 3. The current price is situated in a key resistance zone, and a break above it would invalidate the current corrective wave count, suggesting a more immediate bullish continuation.