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Technical Analysis of Bitcoin (BTC/USDT) - Forecast Until March 2025This analysis is based on Elliott Wave theory, Fibonacci tools, and time analysis. It continues the previous analyses and observations, predicting possible scenarios for Bitcoin’s price movements in the upcoming months.Key Points:Interaction with the 50% Fibonacci Level: Recently, Bitcoin’s price has hit the 50% Fibonacci level, indicating a strong reaction. This level has acted as significant support and could potentially trigger an upward trend.Elliott Wave Analysis: According to the Elliott Wave count, wave (c) is currently forming, suggesting that the price might drop further.Possible Scenarios:Bearish Scenario: If Bitcoin fails to maintain above the 50% Fibonacci level and the decline continues, it is predicted that the price will reach around $37,000 by March 2025. This is highlighted by the red vertical line on the chart.Bullish Scenario: If Bitcoin is supported at the current level and begins an upward trend, it could surpass the previous highs by December 2024. This potential uptrend is indicated by the green vertical line on the chart.Conclusion:This analysis, continuing from previous insights, is based on historical data and technical tools, and aims to assist traders in making informed decisions. It is important to remember that financial markets always carry risks, and personal research and risk management are crucial.

Most likely bullish and stop loss at $23,000According to the indicator and the past encounters and the intensity of the movements after that and the angle of the red and yellow lines, the probability that the market will grow is very high, but due to the high volatility of the bitcoin, there is a small possibility of a stoppage and annoyance in this area, and a There is a red box, after crossing it we will easily move up to 43 thousand dollarsAccording to the indicator and the past encounters and the intensity of the movements after that and the angle of the red and yellow lines, the probability that the market will grow is very high, but due to the high volatility of the bitcoin, there is a small possibility of a stoppage and annoyance in this area, and a There is a red box, after crossing it we will easily move up to 43 thousand dollars

the best support and resistance is that market will change, not just the High and Low

Considering the dollar situation, there is a possibility of market consolidation after a ceiling and if the previous ceiling is broken, the market can move to the upper PRZ range.

Considering the past market and also the US dollar situation and macroeconomics and small returns in long trends, the probability of long scenario is much stronger in the long run. Of course, there is a downward scenario in the lower time that I will put.

This is a view of the future market from my perspective. In this chart, I have used different types of time and price coordinates. I see the possibility of these two scenarios. If you are familiar with the rules of Elliott waves, there is still a chance of the last wave, which also shows a downward scenario. I have placed both the upward and downward scenarios with time probabilities. Note that this is my analysis and not an investment advice.