Technical analysis by Augustinemoreau about Symbol BTC: Buy recommendation (6/14/2025)

Bitcoin appears to be completing an Elliott Wave structure, currently sitting around the (4) pullback area with signs of a potential continuation into wave (5) to new local highs. The recent LH and bounce from demand could mark the beginning of the impulsive move. Key Observations:✅ Elliott Waves Count (1–2–3–4–5) in PlayWave (3) completed near ~$113KWave (4) correction retraced into the ~$98K support zoneStructure looks corrective (ABC style), typical for wave 4Wave (5) projection aims towards ~$120K+ based on symmetry✅ Market StructureHigher High (HH) → Higher Low (HL) pattern intactPrice respected a key demand zone and bouncedGreen dotted line shows potential consolidation → breakout behavior✅ Support Zones~$98K = key demand + previous HL~$92K = macro structure supportHolding these levels = bullish continuation scenario likely✅ Resistance Ahead~$113K = recent local highBreak and close above this = wave (5) confirmedFinal TP area ~$120K–124K based on Fibonacci extensions and wave symmetry🎯 Trade Plan (Idea)Entry: On confirmation above $106KTargets:TP1: $113K (retest)TP2: $120KTP3: $124K