ā The strong rally in November confirms that Wave-X has ended and initiated a multi-year bull run.
š Using the symmetry of the preāX-wave move, the postāX-wave projection targets at least 61.8% of that range, which gives us a conservative price target of $128,000+ in this expansion phase.
š However, structurally, Bitcoinās recent ATH and internal price relationships suggest the market is forming a standard Flat pattern post Wave-X. If this scenario holds:
š¹ Wave-B (currently playing out) will break the ATH, possibly multiple times.
š¹ This sets the stage for a Terminal Wave-C decline later this year.
š Historically, C-waves in Flats retrace 61.8% of Wave-B, implying that Bitcoin could revisit levels as low as $32,000 or below in the coming years ā potentially creating the next generational buying opportunity.
ā ļø Implication:
We are in a bull phase, but not a supercycle breakout yet. Stay vigilant. The market may deliver a blow-off top followed by a major trap later this cycle.
š§ Strategy:
Ride Wave-Bās upside š¢
But prepare for the terminal wave-C reversal š“
