Btc is forming impulse elliot wave chat gpt says

This is what its said

Estimated Timeframe for BTC’s Elliott Wave Progression

Since we are analyzing the 4-hour chart, we can estimate the time needed for BTC to complete each wave based on past price movements and typical Elliott Wave timing.

Wave Duration Estimate (4H Chart Basis)

Wave 1 (Completed) – Took around 2-3 days.

Wave 2 (Completed/Ending Soon) – Lasted about 1-2 days (retracement phase).

Wave 3 (Currently Forming - Strong Uptrend) – This wave is usually the longest and fastest, and it may take 3-5 days to reach $94,000 - $95,000.

Wave 4 (Short Correction) – A pullback after Wave 3, typically lasting 1-2 days.

Wave 5 (Final Push Up to 98K - $100K) – Can take 2-4 days, depending on momentum and market conditions.


Total Estimated Time for Full Move:

If BTC follows the Elliott Wave structure, a move toward $98,000 - $100,000 could take 7-12 days from now.

Short-term breakout (Wave 3 completion to $94,000 - $95,000) could happen in 3-5 days.

Market conditions (volume, news, and resistance levels) can affect speed, so these are estimates based on historical Elliott Wave behavior.