So, Bitcoin just decided to flirt with $94,000 again — cute, right? The grand crypto party is hyped, everyone’s cheering, but guess what? It refuses to push past $95,000. It’s like that one friend who promises to turn up but never actually leaves the house. This entire 5th wave everyone’s been stalking like it’s the new season of their favorite show? Yeah, it’s still playing hard to get above $100,000. Sigh. 🙄
Bitcoin’s 5th Wave: The Drama Queen of Crypto
Pull out the weekly Bitcoin chart — classic Elliott Wave Theory drama at play here, folks. Our 5th wave started its debut mid-2024, right when Bitcoin was trying on its “I’m gonna hit $100K” outfit. Spoiler: the outfit’s a bit tight and the wave’s not exactly strutting smoothly in a straight line.
This 5th wave is like a soap opera that won’t end — super extended with sub-impulse waves crashing the party like unwelcome relatives. Hence why BTC‘s been stuck playing limbo below the magical $100,000 mark.
Right now? Bitcoin’s trapped in the 3rd sub-impulse scene, and if this saga wraps up like the four-year Bitcoin cycle script says, we might just see a peak so extra — hello $170,000. According to a mysterious crypto prophet named Charting Guy (cue ominous music), this could unleash an altcoin rave worthy of a storybook ending.
Plot Twists and Price Targets: Where’s BTC Heading Next?
Besides this never-ending 5th wave drama, Charting Guy throws some other crystal ball visions our way. Bitcoin’s latest pep rally hit its $95,000 target — yay, progress! But to keep dancing, it really needs to actually break past that level (because being stuck at the door isn’t fun).
The sequel might involve a “double top” around $109,000 — basically Bitcoin’s version of a traffic jam — followed by an ambitious Fibonacci extension lifting BTC up to $128,000. And if we want to dream big, the pièce de résistance is a $173,000 peak at the 1.618 Fibonacci level. It’s like thinking you’ll ace your finals without studying, but hey — we all have our fantasies.
Meanwhile, the Relative Strength Index (aka RSI) is throwing shade with lower highs, hinting that the party vibe might be fading a bit. It’s the classic “things look good but something smells funny” moment, signaling possible hiccups ahead. So yeah, don’t get your party hat on just yet — the 5th wave likes its drama with a side of correction.
Currently, BTC is chilling at $94,686. Meanwhile, on-chain data is whispering about a supply squeeze because people are shipping their Bitcoin off exchanges faster than you can say “hodl.”
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2025-04-28 19:43