Bitcoin – wave 5 Targets (Elliott Wave + Fibonacci)

Bitcoin appears to be in the final wave 5 of the current bullish cycle. After breaking the 38.2% Fibonacci extension target, focus shifts to the next major levels:

• 61.8% extension ≈ $133,245
  
• 100% extension ≈ $169,620
  
• 161.8% extension ≈ $228,470
  

Historically, wave 5 often tops between 61.8% and 100% extensions, but strong parabolic runs can push to 161.8%.

Key watch: a sustained break above $133K would significantly increase odds of exploring $170K+