On this weekly BTC chart I’m working with a large ABC Elliott Wave structure.
Wave A marks the previous cycle top, Wave B the deep corrective low, and price is now moving inside Wave C as a rising diagonal.
In my view, BTC is currently building the last leg of this diagonal – the “Last Tango” move. As long as price stays inside the wedge, I expect one more push higher, with potential extension toward the 140k area.
After this final leg completes, my main scenario is a very long, broad corrective phase: a big sideways/downward structure that breaks the diagonal and sends price into a long consolidation range rather than a new impulsive bull run.
This is my roadmap for now – not financial advice, just how I read the current Elliott Wave diagonal on BTC.