BlackRock's Bitcoin ETF Can Be Unfolding A Bullish Impulse

15 Nis

BlackRock's Bitcoin ETF with ticker IBIT made a massive rally in 2024, which can be wave 3 of an ongoing five-wave bullish impulse. Despite the recent decline at the beginning of 2025, it's still above 42 invalidation level, and as long as it's above that level, it can be wave 4 correction, so we may still see that 5th wave this year.

The Elliott Wave Principle is a form of technical analysis that identifies patterns in market movements. A bullish impulsive wave is one of the most important and common wave structures in an uptrend. It describes how prices typically move in the direction of the main trend. A bullish impulsive wave consists of five waves labeled 1, 2, 3, 4, 5.

24 Nis

İşlem aktif

IBIT is nicely rising after a completed wave 4 correction, so wave 5 can now be in full progress, and if we respect Fibonacci cluster target area, then it can rise even up to 80 area before market finds the top this year.

22 May

Not

IBIT - BlackRock's Bitcoin ETF is back to all-time highs as expected and there's still time and space for further rally within a projected 5th wave, ideally up to 80 area, which can lift the Bitcoin price even higher this year.