BTC Macro Bull Cycle – Wave 3 Target Based on Fibonacci ($200K?)

This is a long-term BTCUSD (1W) chart analysis, combining macro Elliott Wave structure and technical support using Fibonacci extension levels.

The “3?” label is not placed arbitrarily — it’s derived from Fibonacci projections, extending from Wave 1 and the retracement in Wave 2. The estimated target zone near $200K aligns with the 1.618–2.618 Fibonacci extension level, often associated with Wave 3 in classical Elliott Wave theory.

Structure:

Wave 1: Peaked around $20K (2017 cycle top).

Wave 2: Corrective phase bottomed around $3–4K.

Wave 3 (current): BTC has broken prior all-time highs and is consolidating in the $60K–$70K zone — likely a re-accumulation phase before a breakout.


Key Zones:

Green boxes mark historical accumulation and support/resistance zones.

Orange circles highlight areas of consolidation and buying interest during major corrections.

The current green zone (~$60K) may act as a mid-cycle base before the next impulsive move.


Targets & Risk Management:

Upside target: $180K–$220K range (based on Fib extension).

Stop-loss zone: Below $55K, as a breakdown here may invalidate the current bullish structure.

Conservative risk management is advised.


Final Thoughts:

This analysis is grounded in historical behavior and Fibonacci logic — not just hopeful speculation. If BTC is indeed in Wave 3 of this macro cycle, the most explosive phase may still be ahead. The “3?” target is based on measurable data, not guesswork.