Bitcoin and Nifty – Twin triangles ready to thrust?
Triangle unfolding – Just waiting for the break?
The current consolidation between 91K–95K is starting to resemble a Irregular contracting triangle, with Wave A marked near 91K. A clean break above 95K could trigger a sharp thrust—targeting 98K–100K, then possibly 102K and 109K.
Nifty echoes the same setup?
Which market blinks first?
The similarity in structures is striking—triangular setups, potential thrusts, and critical support zones holding tight. Will Bitcoin lead, or will Nifty take charge and break higher first?
Key Bitcoin Levels:
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91K–93K: Active triangle zone.
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95K: Breakout trigger.
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98K–100K–102K–109K: Resistance targets on upside thrust.
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88K–90K: Must-hold zone for bulls. Below this, structure weakens.
Conclusion:
Bitcoin and Nifty are whispering the same story—a possible breakout from triangle structures. Watch closely. If one moves, the other may follow.
WaveTalks – Market Whispers! Can you hear them?
Author
Abhishek H. Singh
WaveTalks
Abhishek is a seasoned financial analyst with over a decade of experience specializing in Elliott Wave Theory.
