Bitcoin Enters Wave V With Potential for Expansion Toward $185K Amid Bullish Technicals and Sentiment
The post Bitcoin Enters Wave V With Potential for Expansion Toward $185K Amid Bullish Technicals and Sentiment appeared on BitcoinEthereumNews.com.
Bitcoin has re-entered price discovery, signaling a significant phase in its macro cycle with technicals and sentiment aligning for potential growth. Wave V is underway, supported by upward-trending weekly EMAs and a bullish RSI, indicating sustained momentum in the cryptocurrency market. According to COINOTAG sources, on-chain data reveals strong confidence among long-term holders, with limited selling pressure reinforcing Bitcoin’s upward trajectory. Bitcoin’s Wave V surge shows bullish momentum with key technicals and on-chain sentiment pointing toward a possible $185K target in the current price discovery phase. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin’s recent movement into Wave V marks a critical juncture in its macro cycle, characterized by a robust bullish structure. The weekly exponential moving averages (EMAs) — specifically the 21, 50, and 200-week EMAs — continue to trend upward, reinforcing the strength of the current rally. Additionally, the weekly Relative Strength Index (RSI) remains above the pivotal 50 level, a threshold widely regarded by traders as a sign of sustained buying pressure. This combination of technical indicators suggests that Bitcoin’s long-term bullish momentum remains intact, despite minor fluctuations on shorter timeframes. Technical analysis points to Wave V surpassing the length of Wave I, a hallmark of an expansion phase that historically correlates with accelerated price appreciation. If Wave V mirrors the magnitude of the previous Wave III, Bitcoin’s price could potentially reach approximately $185,000. While…
