We’ve observed that Bitcoin 
BTC1! appears to be repeating a previous wave pattern. If it follows its historical price action yet again, here’s what we might expect:
2021 Comparison
Back in 2021, Bitcoin formed two large rounded wave structures where the second wave exceeded the first, forming two consecutive all-time highs followed by a huge drawdown. This year’s price action looks very similar to the beginning of the second 2021 waves. If it continues to unfold in the same way, we anticipate a new all-time high before the end of this year, followed by a notable pullback into early next year.
Key Support at $96,000
As long as BTC holds above $96,000, the bullish trend remains intact. This level has shown great demand and volume support, reinforcing its role as the floor for the short-term uptrend.
Upside Potential to $117,000
If buyers continue to support the market above $96,000, BTC could reach the $117,000 region, setting another all-time high. This expectation follows the earlier wave pattern seen earlier this year and completes a close parallel to the 2021 bull run.
Deeper Pullback Expected
After a potential new high, a larger correction is likely. Drawing on previous pullback price action, a 30% dip toward $82,000 could align with a higher-time-frame trendline and significant support area—mirroring the wave structure from 2021.
Final Thoughts
BTC1! appears to be repeating a previous wave pattern. If it follows its historical price action yet again, here’s what we might expect:2021 Comparison
Back in 2021, Bitcoin formed two large rounded wave structures where the second wave exceeded the first, forming two consecutive all-time highs followed by a huge drawdown. This year’s price action looks very similar to the beginning of the second 2021 waves. If it continues to unfold in the same way, we anticipate a new all-time high before the end of this year, followed by a notable pullback into early next year.
Key Support at $96,000
As long as BTC holds above $96,000, the bullish trend remains intact. This level has shown great demand and volume support, reinforcing its role as the floor for the short-term uptrend.
Upside Potential to $117,000
If buyers continue to support the market above $96,000, BTC could reach the $117,000 region, setting another all-time high. This expectation follows the earlier wave pattern seen earlier this year and completes a close parallel to the 2021 bull run.
Deeper Pullback Expected
After a potential new high, a larger correction is likely. Drawing on previous pullback price action, a 30% dip toward $82,000 could align with a higher-time-frame trendline and significant support area—mirroring the wave structure from 2021.
Final Thoughts
- BTC remains structurally bullish above $96,000
- A pullback to the $82,000 region could present a key buying opportunity if it occurs.
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AI screeners & indicators.
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Not financial advice.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
TradeDots — the cockpit for active traders.
AI screeners & indicators.
Subscribe now: tradedots.ai/
Not financial advice.
AI screeners & indicators.
Subscribe now: tradedots.ai/
Not financial advice.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.