BTC/USDT Jun-2025🔍 1. Elliott Wave Structure
The chart illustrates a classic 5-wave Elliott Wave cycle:
Wave (1): Initial impulsive move up.
Wave (2): Corrective pullback.
Wave (3): Strongest bullish wave – already completed.
Wave (4): Currently in progress – a corrective phase.
Wave (5): Forecasted to peak around June 30, 2025 with a major upward move.
📈 2. Fibonacci Levels
Target zones for Wave (5) using Fibonacci extensions:
0.5 → $118,613
0.618 → $128,403
0.786 → $142,283
Support zones below (retracement):
0.618 → $76,286
0.786 → $67,781
☁️ 3. Ichimoku Cloud
Price is above the Ichimoku cloud, indicating a bullish medium-term trend.
Historical bounces from the cloud base are highlighted (circled) – suggesting strong dynamic support.
📊 4. RSI (Relative Strength Index)
Current RSI: ~51 – neutral zone, neither overbought nor oversold.
Past bullish divergence noted, which supported the big Wave (3) rally.
📉 5. MACD (Moving Average Convergence Divergence)
MACD is in a correction phase.
Still above zero line, meaning no strong bearish momentum yet.
🗓️ 6. Forecast Timeline
Projected top for Wave (5): June 30, 2025
This could be an optimal take-profit window based on Elliott Wave theory.
💡 Summary
Current Price: ~$86,777
Forecast Target Range: $118k – $142k by mid-2025
Conditions to watch:
RSI trending back upward.
MACD avoiding bearish crossover.
Price staying above the Ichimoku cloud.
Strong Support Zone if it drops: $76k – FWB:67K