Bitcoin's Last Bull Run Cycle: Key Levels and Strategies for Traders

Bitcoin is approaching the final stage of the Elliott wave cycle of significant price increase, bringing both opportunities and risks for traders and investors. Let's explore the important insights you need to navigate this phase effectively.

📈 The importance of the long-term trend line (2017 - 2021) One of the most important factors in analyzing Bitcoin price fluctuations is the long-term trend line established from 2017 to 2021. This trend line acts as a dynamic resistance level that moves with the price over time. 👉 Why this is important: When Bitcoin touches this trend line, it may signal a major reversal point. Setting alerts for this trend line in tools like TradingView is highly recommended. This will ensure you don't miss the opportunity to exit your position when Bitcoin is likely to reach its peak. 🔑 The role of Fibonacci Extensions Another important resistance level to watch is the Fibonacci 1.618 extension level. Unlike trendlines, Fibonacci extensions are static levels. The key price point to watch is 122.069 USDT. 👉 Why is this level important: The combination of dynamic resistance trendline and static Fibonacci resistance level creates a strong confluence zone, signaling a potential top for the current Bitcoin price cycle. 🚨 Market Reality: Why predicting $200,000 or $300,000 is not realistic While some 'moon boys' in the cryptocurrency field may predict Bitcoin to reach $200,000 or $300,000 in 2025, these predictions overlook the important market dynamics: Market capitalization high: The current valuation of Bitcoin makes such extreme movements impossible in a short period of time.Historical pattern: Previous cycles of Bitcoin have shown that extreme growth phases are usually followed by significant corrections. ⏬ Prepare for the market to decline (2025-2026) When Bitcoin reaches its peak and the market enters a price decline phase, we can expect a significant adjustment. The support area is likely to be between $50k - $65k, consistent with the support level of wave (4) from the perspective of the Elliott Wave theory. 👉 Liquidity Zone: Wave (4) is often a strong accumulation point for whales, making it an ideal area for long-term accumulation after the price market starts to decline. 🛠 Action plan for traders Warning: Track the 2017-2021 trend line and Fibonacci level of $122.069 using tools like TradingView.Exit strategy: Plan to sell when Bitcoin reaches these resistance zones.Wait for a correction: Accumulate in the price range of $50,000-$65,000 in 2025-2026.Be cautious: Be realistic about market capitalization and avoid getting caught up in overly optimistic predictions. 💬 Let's talk about Altcoin! Do you have any altcoin you want to analyze? Leave its name in the comment section and I will provide a detailed analysis specifically for you. 🔔 Follow and promote for more details: Always update feasible ideas and market analysis. Trading becomes much simpler with proper guidance. Remember, this post is not financial advice and does not include any specific trading settings (no stop loss or profit targets).