Bitcoin – wave 5 Targets (Elliott Wave + Fibonacci)

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Bitcoin appears to be in the final wave 5 of the current bullish cycle. After breaking the 38.2% Fibonacci extension target, focus shifts to the next major levels:

  • 61.8% extension ≈ $133,245
  • 100% extension ≈ $169,620
  • 161.8% extension ≈ $228,470


Historically, wave 5 often tops between 61.8% and 100% extensions, but strong parabolic runs can push to 161.8%.

Key watch: a sustained break above $133K would significantly increase odds of exploring $170K+

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