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We talked about BlackRock’s Bitcoin ETF – IBIT back on April 16th, where we mentioned and highlighted a completed wave 4 correction within an ongoing five-wave impulse, which can extend the rally for wave 5.

As you can see today on July 23rd, BlackRock’s Bitcoin ETF – IBIT is moving nicely bullish within 5th wave as expected, and there’s still room up to projected Fibonacci cluster target near 80 level, as it can be trading in subwave (3) of a lower-degree five-wave bullish cycle.

(Click on image to enlarge)

IBIT Daily Chart

For a detailed viev of Bitcoin and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on July 21 2025: Direct Link

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