BTC 74-78k wave 4 support zone, then the last wave up to 130k?

Based on the Elliott Wave count, Bitcoin appears to be in the final fifth wave of its macro cycle. This fifth wave is typically composed of five smaller subwaves, and the chart indicates that we are currently in the corrective fourth subwave. This wave is expected to find support within the 74-78k USD zone, aligning with key Fibonacci retracement levels (0.382–0.5). Once this correction is complete, the final impulsive fifth subwave could push Bitcoin toward the 130k USD target, which corresponds to the Fibonacci extension of 3.618.

The chart also highlights the use of additional tools to confirm this analysis. The VAH (Value Area High) from the Fixed Range and the anchored VWAP from subwave 3 play critical roles in identifying the potential support zone for wave 4. The VAH marks the price level where the highest trading volume occurred during subwave 3, often acting as a significant support or resistance. Similarly, the anchored VWAP, which tracks the volume-weighted average price from the start of subwave 3, provides further validation for the 74-78k USD zone as a key area for a potential bounce.

These technical indicators, combined with the Elliott Wave structure, suggest that the market is poised for a corrective phase before entering the final leg of this cycle. Traders and analysts should watch the support zone closely, as it could signal the end of wave 4 and the start of wave 5, potentially driving Bitcoin to new all-time highs near 130k USD.