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BTCUSDT
Entry 119,949.0000 2025-08-12 16:23 UTC
Target 137,000.0000
Fail 105,000.0000
Risk / Reward 1 : 1
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BTCUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analysis begins with ADAUSD on the 4H timeframe. The price is in a fourth wave move, potentially targeting 0.756 cents before a fifth wave. However, a drop below this level indicates a possible larger ABC correction. The initial target for the fifth wave is 0.847 cents. The first obstacle is breaking the high at 0.805 cents, followed by 0.832 cents, to confirm the fifth wave towards a larger wave one on the daily chart, awaiting a test around 0.944 cents. Bitcoin's weekly chart RSI faces resistance at the moving average, possibly indicating a correction. Ethereum aims for 4526 dollars before a deep fourth-wave correction. Bitcoin has daily resistance at the 0.618 Fibonacci level, around 120465 dollars. A higher target for Bitcoin could be around 137000 dollars, while its dominance faces daily moving average resistance, supporting the argument of an Ethereum move to at least 4526 dollars.
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