119000 USD is abullish target

BTCUSDT is poised to complete its Elliott Wave cycle, with a projected 5th wave target of $119,000. This bullish scenario aligns with historical price behavior, Fibonacci extensions, and current market sentiment. While the technical outlook remains optimistic, traders should exercise caution and employ proper risk management strategies to account for potential deviations from the expected structure.

Institutional Adoption Gains Momentum
• Major financial institutions, such as BlackRock and Fidelity, have recently intensified efforts to integrate Bitcoin into their portfolios or offer Bitcoin ETFs. This institutional interest enhances BTC’s credibility and drives demand.
• Recent reports of ETF approvals or progress in regulatory frameworks have increased market optimism.

This analysis is for informational purposes only and should not be considered financial advice. Market conditions are subject to change, and trading carries risks.