Bitcoin (BTC) EW-Analysis // 1/22/2025

Hi guys,
how are doing? BTC hit a new ATH in the last days, so i thought I should publish a new idea... 👍

Please read the DICLAIMER at the end of this idea!!!

So let's get right into it:

Bitcoin has shown impressive performance recently, demonstrating remarkable strength in the market. Currently, we find ourselves at the 3.854 Fibonacci level, and the chart suggests that we may witness further bullish momentum in the coming days. There is a strong possibility that Bitcoin could climb as high as $118,000. However, caution is advised above this level, as we could potentially reach the completion of the overarching Wave 1. If this happens, significant corrections may follow, which could test the resilience of many investors.

The rest of the details can be analyzed directly on the chart. Now, we wait to see how the big players in the market decide to position themselves.

'In investing, what is comfortable is rarely profitable.' ~ Robert Arnott

DISCLAIMER: The above statements reflect a trading idea and are neither investment advice nor trading recommendations. All information is provided without guarantee or liability.

Bye
Rara es