bullish

Rally

Bitcoin

Strong

<ul>
 <li>Bitcoin may be entering Wave III with a $240K target.</li>
 <li>Analysts note fading sell-side pressure signals bullish momentum.</li>
 <li>On-chain indicators hint at the start of a strong upward rally.</li>
</ul>
<p>Bitcoin is once again the center of bullish predictions, with analysts now pointing toward the start of a Wave III expansion. According to recent market analysis, this phase could push Bitcoin’s price toward an ambitious $200,000 to $240,000 range. The signal? A noticeable decline in sell-side pressure paired with strengthening on-chain indicators.</p>
<p>Wave III, based on Elliott Wave Theory, typically marks the most explosive upward move in a five-wave cycle. After months of consolidation and uncertain market direction, Bitcoin appears poised to break out of its range, potentially beginning a powerful surge.</p>
<h2 class="wp-block-heading" id="strong-why-analysts-believe-the-rally-has-begun-strong"><strong>Why Analysts Believe the Rally Has Begun</strong></h2>
<p>Analysts have identified key factors that support the beginning of Wave III:</p>
<ul>
 <li><strong>Reduced Sell Pressure</strong>: Recent data shows a sharp decline in coins being moved to exchanges, suggesting long-term holders are not selling.</li>
 <li><strong>Strong On-Chain Activity</strong>: Metrics such as rising wallet activity and increasing Bitcoin balances in cold storage hint at accumulation rather than distribution.</li>
 <li><strong>Macro Tailwinds</strong>: The weakening dollar and continued institutional interest in crypto could provide additional fuel for the rally.</li>
</ul>
<p>Furthermore, historical patterns show that once Bitcoin clears major resistance zones with low sell pressure, it often enters an aggressive upward phase — consistent with the characteristics of Wave III.</p>
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   <p>UPDATE: Bitcoin may be starting Wave III expansion with a $200K-$240K target as sell-side pressure fades, according to analysts. <br><br>What signals confirm the next rally? <a href="https://t.co/uJTbtdNMLj" rel="noopener noreferrer nofollow">pic.twitter.com/uJTbtdNMLj</a></p>— Cointelegraph (@Cointelegraph) <a href="https://twitter.com/Cointelegraph/status/1988464504879874079?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 12, 2025</a>
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<h2 class="wp-block-heading" id="strong-what-to-watch-next-strong"><strong>What to Watch Next</strong></h2>
<p>For traders and investors looking to confirm this bullish wave, key indicators include:</p>
<ul>
 <li>A decisive breakout above recent resistance levels (e.g., $75K).</li>
 <li>Sustained volume during upward moves.</li>
 <li>A continued drop in exchange inflows from whales.</li>
</ul>
<p>If these signs hold, the path toward $200K–$240K could become clearer in the coming months, making this a potentially historic phase for Bitcoin.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinomedia.com/bitcoin-wave-iii-target-240k/">Bitcoin Wave III Could Target $240K, Say Analysts</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinomedia.com">CoinoMedia</a>.</p>

Bitcoin Wave III Could Target $240K, Say Analysts

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