We talked about Bitcoin on December 16 of 2024, when we mentioned and highlighted an upcoming three-wave correction in wave 4 within ongoing five-wave bullish impulse for a higher degree wave V that can rally up to strong 130k-150k target area. 

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BTCUSD Daily Chart

Later on January 13 of 2025 we shared an update, where we spotted final stages of wave 4 correction that can stop at 90k-85k support zone and from where we expected a bullish resumption within wave 5. CLICK HERE

As you can see today on January 20, Bitcoin is back to all-time highs due to Donald Trump's inauguration, so it can be now trading in final wave 5 of V, but there can be space for more short-term gains to complete a lower degree five-wave bullish cycle. We are tracking subwave (3) that can extend the price even up to 120k area or higher, we will just have to be aware of subwave (4) pullback before we will see final push to the upside for subwave (5) of 5 of V towards strong 130k-150k target area.

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BTCUSD 4H Chart

For a detailed view and more analysis like this, you may want to join our live webinar today on January 20 2025 @ 15.00CET:

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