BlackRock’s Bitcoin ETF keeps rising within a projected 5th wave [Video]

Gregor Horvat Wavetraders

We talked about BlackRock’s Bitcoin ETF – IBIT back on April 15th with our members, where we mentioned and highlighted a completed wave 4 correction within an ongoing five-wave impulse, which can extend the rally for wave 5.

IBIT Daily Chart From April 15 2025

As you can see today on July 24th, BlackRock’s Bitcoin ETF – IBIT is moving nicely bullish within 5th wave as expected, and there’s still room up to projected Fibonacci cluster target near 80 level, as it can be trading in subwave (3) of a lower-degree five-wave bullish cycle.

IBIT Daily Chart From July 24 2025

For a detailed viev of Bitcoin and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on July 21 2025:

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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