Bitcoin Bulls Defy Gravity: $90K Target in Sight Before Market Catches Up
Crypto’s permabulls are at it again—pumping the ’90K or bust’ narrative while Wall Street analysts scramble to update their PowerPoints. Key drivers? Institutional FOMO meets retail leverage, with a side of speculative froth. Watch for liquidations if this rocket stalls before liftoff. (And remember: in crypto, ’manifesting’ is just gambling with extra steps.)
Pattern Reconfirmed with a Twist
While the leading diagonal structure still stands, it came with a small tweak. Instead of a traditional retracement at the completion of Wave 5, we saw aform just below 86K post completing the leading diagonal structure (modified) which worked as an accumulation phase. The bulls didn’t wait—they roared back, and the breakout followed.
Are We at the Start of a Much Bigger Move?
The recent rally is not just isolated to crypto.are all flashing similar bullish signs—possibly a. Could this be the start of the next wave toward?
We hinted at this possibility in our earlier updates. The foundation laid at, followed by a clean push toward 95K, is confirming the strength of the move.
Wave A of a Triangle: The Next Pause?
While correcting from the, the structure unfolded anear(precisely). This level may now act as. A drop belowcould push Bitcoin lower, with the. If this zone holds, bulls may look to re-enter.
But here’s a caution—may lead to a test of the. A sustained break belowwould raise serious doubts about the entire rally structure from, and a deeper review will be necessary.
Key Levels to Watch:
- 74K–75K Zone: Remains the long-term base. A break here could signal trend reversal.
- 83K–86K Zone: Crucial short-term support. Breach of this zone may invalidate the recent bullish structure.
- 88K–90K Zone: Previously a breakout zone, now a minor support level.
- 93K–95K Zone: Current resistance zone.
- 100K–109K–120K Zone: Next major upside targets if the bullish momentum continues.
Conclusion: Bitcoin’s Move – A Global Cue?
If the structure continues to unfold as anticipated,, including equity markets like India’s Nifty—which is eyeing a breakout above, with a potential target of.
Let’s stay alert. As always in Elliott Wave, every move is part of a bigger puzzle.
will keep connecting the dots as
