Bitcoin’s final countdown to 109K? Counting with caution

As discussed last: “Triangle, Triangle… up above the sky!”

In our previous update, we highlighted a contracting triangle forming between 91K–95K, anticipating a breakout toward the 98K–100K zone.

That played out well — Bitcoin rallied to 97,944 as Yellow Wave-1, just shy of the 98K mark.

As expected, it faced resistance and pulled back again holding the important support 90-92 K range.

This zone aligned exactly as expected — acting as the bounce pad.

Importantly, Bitcoin respected:

• Wave-E low: ~92,850
• Wave-A low: ~91,669

5 Waves from the Bottom of 74-75K to 107K - What an amazing rally.

Bounce from 90-92K Zone

From the Wave-E lows of 92853, Bitcoin has bounced sharp upside to 105K forming Wave 3 in Yellow Wave count upside and later unfolded a triangle in Yellow Wave-4 bottoming at 102,586.

However, this rise towards 107,183 can be the final wave 5 upside in Yellow wave count if 100-102 K zone of Yellow Triangle Wave is breached downside.

The important zone - 100-102K

Holding 100K–102K keeps the bullish setup alive. But if this zone breaks down, we should prepare for a deeper pullback toward 90K–92K. If that fails, the next key support is seen at 86K–88K.

Key Bitcoin levels

• 92,853 – Important low (Wave-E).

• 107K–109K – Critical target/resistance zone.

• 100K–102K – Support to hold for bullish continuation.

• 90K–92K – Deeper support.

• 86K–88K – Breakdown level if 90K fails.

One hour chart - White waves unfolding above 102,586 in lower degree within yellow wave -5  - 18th May 2025

White Waves Is it done at 107,183 Highs - 19th May 2025

Conclusion

Bitcoin followed the triangle breakout exactly as projected — rallying, pulling back, and bouncing again - all unfolding an impulsive 5 Yellow Wave Count.. & Even 5th Unfolded in White Wave Count further...

But the next few sessions are critical:

• If it falls below 100-102K zone, a dip toward 90–92K zone is most likely to unfold & provide next support.
• Falling below 90-92K Zone…We look for 88K as next support.

Stay tuned as WaveTalks continues to track this unfolding structure.