Bitcoin demonstrated significant growth, rising 10.87% and reaching $94,392, igniting discussions about its future trajectory. Elliott Wave analysis indicates potential for new cycles.
Bitcoin Surge and Elliott Wave Analysis
On April 26, 2025, Bitcoin showcased a 10.87% increase, positioning itself at a critical level of $94,392. This rise raises questions about the possibility of an extended fifth wave amid its long-term Elliott Wave structure. Charting_Guy's analysis reveals bullish structures, with potential targets at $103,616, $128,120, and $173,805 if momentum persists.
Potential Fibonacci Targets and Market Implications
Among two opinions regarding Elliott Waves, a prolonged bullish structure emerges. The primary scenario indicates Bitcoin remains within a full five-wave cycle since 2022. However, the oscillator indicators show bearish divergence, prompting investors to proceed with caution. If Bitcoin can surpass $95,000, it may signal further price increases.
Extended Cycles and Altcoin Season Possibilities
Charting_Guy speculates that if Bitcoin extends its fifth wave, it could validate a longer four-year cycle. This could also trigger the start of an altcoin season in 2025. However, there is a divide between cautious optimism and aggressive bullish positioning in the market.
The current situation with Bitcoin highlights complex market sentiments. The rise and Elliott Waves create forewarnings for both potential further increases and changes in investor sentiment.
