BTC, Develops Third Historical Wave-Count-Expansion-Fractal!

Bitcoin is in a crucial situation right now especially with the price-actions that established over the weeks which are highly determining. In fact, as I discovered Bitcoin is forming the same historical fractal that it already formed two times in Bitcoin history. We can watch Bitcoin on the weekly timeframe perspective now reaching out and testing the 50-MA in which it already bounced several times in the past and we can watch Bitcoin holding above the 45.000 USD support so far which is an important setting to consider, we should also not underestimate that a new wave of Bitcoin adoption and mainstream acceleration is moving on as Bitcoin ETFs (Exchange-Traded-Funds) getting approved, in this case now I detected the important levels and upcoming determinations to consider with Bitcoin on the weekly timescale.

Bitcoins Historical Wave-Count-Expansion-Fractals:
As when looking at my chart now we can watch there how Bitcoin already completed this major Wave-Count-Expansion-Fractal two times in history. This whole fractal can be divided into three stages, stage 1. actually building the wave-count-bottom which is marked in orange in my chart, this wave-count-bottom is characterized by the fact that Bitcoin bounced off the lower-boundary-trend-line marked in black and from there on marked the beginning of the wave-A of this massive wave-count. The second stage 2. is showing how Bitcoin forms the pre-setup-channel in which Bitcoin actually forms the major wave B and sets up to form a huge incoming volatility breakout. The third and last stage 3. is marking the final target-zone of the wave-count and ending of wave C to finalize the whole wave-count always in the 4.618 Fibonacci extension.

Upcoming Dynamics And Determinations:
Taking these factors into consideration now we can watch that Bitcoin is in the third historical fractal with stage 1 almost already fully completed and now with stage 2 we can watch there the pre-setup-channel develops marked in green, if Bitcoin now manages to hold the 50-MA and actually bounce above the 45.000 to 45.500 USD level this can be a great origin of the proper breakout above the upper boundary of the pre-setup-channel from where Bitcoin will enter the stage three and appoint the 4.618 Fibonacci extension as it was the case already in the fractals beforehand. If the Bitcoin and Cryptocurrency adoption moves on at this pace as it currently is, with inflows into the market increasing further this will also offer a green light from the fundamental perspective, it will be an interesting journey ahead.

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"The past, like the future, is indefinite and exists only as a spectrum of possibilities."

Information provided is only educational and should not be used to take action in the markets.