🚨 $BTC Blow-Off Top Imminent: New ATH Incoming! 🚨 Yet again, our TA has proven accurate. As mentioned in my previous Elliott Wave analysis, "we could also have what we call a flat corrective wave, which would give a target of 90k." Now, our flat ABC structure held at 89-90k, and wave 4 is complete. We are now anticipating the final impulsive wave 5. In my earlier conclusion, I also wrote, "For the short term, Bitcoin is waiting for a final drop towards wave C around 90-85k." Anyway, are you ready for a new ATH for Bitcoin?! Before diving in, I’d appreciate your support with likes, reposts, and comments to help grow the channel and keep this content coming. These analyses take time, and your appreciation fuels the drive to keep sharing. Remember, this TA is based on probability and is not a guarantee; it can be invalidated! Even though wave 4 is done, the sentiment is overly bullish, which is normally a red flag. So take this with a grain of salt and be cautious! Let's analyze! Macro Overview Recap: If you haven’t already, check out my macro analysis on the inevitable recession. Understanding this is essential before diving into the charts. Recession: xitter.cf/DailyCryptoTrad/status… Warren Buffet's Cash Pile: xitter.cf/DailyCryptoTrad/status… Elliott Wave Theory: I've mentioned this often, but for our new community members, I'll be a bit repetitive. My Elliott Wave analysis has been spot-on since late 2023 and hit all targets. Previously, I mentioned we were at the last sub-wave of wave 4, which many doubted, and we saw a nearly 12% drop afterward, impacting altcoins significantly. Focusing on sub-wave 4 at our ABC, we see an ABC flat structure as mentioned earlier, with a target of 90k having played out. However, surpassing 109k would boost my confidence. This would confirm we are in impulsive wave 5 and a sub-wave of 5. If we fall back to the 90k area, it means we are forming a regular zigzag, and wave 4 is not done. So, 109k is a critical level to surpass. If we get a strong wave 5, we could see a 40-50% increase (from 89k), reaching Fibonacci levels of 3.272 at $113k, 3.414 at $117k, and 3.618 at $121k. This would be the best-case scenario. However, be aware that the wave could be truncated, meaning it either forms a double top and corrects with a big ABC pattern or fails to reach a new ATH. That's why surpassing 109k is key and increases the probability for a 120k blow-off top! The invalidation point is if we go over $130k; then, this gets invalidated, and a potential target at $170k can be reached, but we need structure to confirm this first, as mentioned. As mentioned previously, once traditional markets, especially the Nasdaq and S&P 500 tech stocks, correct, Bitcoin is likely to follow, leading to a blow-off top as mentioned before in my other long-term BTC TA. At that point, BTC could drop to $17k-$30k, depending on the peak. This would form a massive ABC corrective pattern with Fibonacci targets at $52k and $31k before finding a bottom. This scenario aligns with a recession-driven market decline, but this is first AFTER wave 5 is done, not before. This takes time to finish the structure. Invalidation Points: This scenario could be invalidated if: 1. Markets reset/correct after 1-2 years. 2. Geopolitical tensions or wars are avoided. 3. A recession is avoided. 4. No black swan events occur. However, if even one of these factors plays out, a market crash becomes highly probable. Be open-minded about these possibilities; ultimately, it is YOUR job to protect your capital. Weekly Chart: • Volume: Low volume while price action is increasing, and we are getting close to a bearish divergence if the price goes up to 120k – bearish signal. • RSI: Close to overbought, showing a bearish divergence since April. This is a high probability given the overbought zone but could be invalidated if RSI reaches 90. • RSI Stochastic: At level 50 and holding; if it breaks, we could see further downside. • MACD: Bullish momentum but losing its momentum and getting closer to a bearish momentum, close to a bearish cross. However, both lines above 0 is bullish. All indicators suggest BTC is gearing up for a blow-off top, but there is still some fuel left. Daily Chart: RSI: 60 – bullish RSI Stochastic: RSI overbought, which is bearish MACD: Bullish momentum Volume: Consolidating bullish Last time I wrote this in the daily: “We are now seeing a more bearish stance, so it aligns with our wave 4 last local drop towards the 90-85k region.” And it unfolded perfectly. However, we now have a more bullish stance than before, and it looks like it found its bottom. This does not mean we can't have some flushing due to LONG/SHORT dominance, but it's looking more bullish. A 109k surpass and a NEW ATH will confirm this. Liquidity and Liquidation Heatmap Insights: Our liquidity and liquidation heatmaps on TradingView reinforce this outlook, showing significant liquidity pools aligning with our targets. Access the same tools at Daily Crypto Trading. Check my profile at the top for access to these tools. Conclusion: My conclusion remains consistent since not much has changed, and since 2023, it has been following our projection and plan. Based on my analysis, I firmly believe that BTC is approaching a top, with a likely range of $120k, especially if the Nasdaq and S&P 500 also peak. This outlook has been consistent since late 2023 and is supported by our Elliott Wave analysis and broader market trends. However, several factors could disrupt this trajectory: • Recession: As previously discussed, an economic downturn could align with a traditional market correction, significantly impacting BTC. • Geopolitical Changes: Major shifts in global politics could introduce volatility, affecting market sentiment and BTC's price. • Black Swan Events: Unforeseen events can always change market outcomes, as seen in past sudden market shifts. • Market Shifts: Significant moves in traditional markets, such as those driven by geopolitical tensions or policy changes, could impact BTC. If we avoid these factors, BTC has the potential to reach as high as $170k, as indicated by our Elliott Wave projections. The strong correlation between BTC and the tech sector suggests that a blow-off top is likely, especially with the current market boost from the "Trump Pump" driven by election cycles. However, potential trade wars or rate cuts could complicate this scenario. For the short term, We waited for Bitcoin to hit local bottom of wave C around 90-85k, and we hit 89k. Now we are forming what looks more like impulsive wave 5 in the short term. The question is how strong wave 5 will be or if it will be truncated and form a double top? If we surpass 109k, get ready for a NEW ATH of 120k. In summary, while BTC could reach new highs, managing risk is crucial. The market is full of probabilities, not certainties. Although our targets have been accurate so far, future outcomes are never guaranteed. This analysis is meant to guide your understanding, but always verify and strategize based on your own judgment. #bitcoin #recession

Trump just called tariffs “a very beautiful thing.” Let’s break this down, because the markets are reacting and your wallet might too. Spoiler: Tariffs don’t fix trade deficits. They just shift the cost… to YOU. 1/ 🧵

JUST IN: 🇹🇷 Interpol arrests HEX & PulseChain crypto founder Richard Heart in Turkey.

Long awaiting an update

A lot of high leverage at 80k bitcoin:native 🥶

Crypto changed completely Now projects can pop out of the blue with coding in AI. So it’s more important than ever to have an actual community of people behind a project. Community is king.

Will there be a macroeconimcal update from you? i liked those