Bitcoin Medium-Term Analysis: Evaluating the Final Stages of the Bull Market

• Bitcoin is in the fifth wave of an Elliott Wave cycle, signaling the bull market’s final phase.
• Price targets range between $120,000 and $150,000, followed by a potential corrective phase.
• Analysts observe a five-wave impulse or ending diagonal structure to define the market’s peak.

Bitcoin’s price movement is approaching a crucial stage, with indicators pointing toward the final leg of the bull market. Current market data shows Bitcoin is in the fifth wave of an Elliott Wave cycle, suggesting a significant price shift is imminent. Analysts are monitoring two possible structures that could define the market’s peak before a major pullback occurs.

Classic Five-Wave Impulse 

According to XForceGlobal analysis, the BTC market demonstrates an impulsive wave structure, progressing from waves, with corrective patterns labeled as ABC. Fibonacci retracement levels between 61.8% and 88.6% depict key support zones. 

Wave 3  targets a 161.8% extension, projecting further upward momentum. A major invalidation level is set near $90,000, with the current price nearing $105,000. The first possibility under observation is a traditional five-wave impulse, a structure often seen in bullish trends. In this scenario, Bitcoin completes five upward waves before experiencing a substantial corrective move.

The price target for this final wave is estimated between $120,000 and $150,000, aligning with historical Elliott Wave patterns. If this formation holds, Bitcoin will likely enter a corrective phase once it reaches this range.

Developing Ending Diagonal

The second scenario under evaluation is an ending diagonal, a pattern that has yet to be fully confirmed. An ending diagonal forms in the last wave of an impulse and typically results in a sharp price reversal.

 If Bitcoin follows this structure, the final price move may develop differently from a standard five-wave impulse. Analysts are continuing to monitor price action to determine if this pattern emerges before the projected market peak.

Regardless of the specific structure that plays out, the analysis confirms Bitcoin is in a late-stage uptrend. Both scenarios indicate that a substantial market correction is expected once the target range is reached.