Will BTC Exceed $100,000 in Wave 5?

However, the timing of BTC's recovery remains uncertain. According to the analyst, traders should keep an eye on the 21 and 50-period exponential moving averages (EMAs). A retest of these dynamic levels could provide support, encouraging traders to buy on dips in anticipation of the final Wave 5.

The analyst did not specify the next potential target on the chart. Still, if Wave 5 mirrors the length of Wave 3, Bitcoin could have a significant opportunity to surpass $100,000 once the current volatile price movement concludes.