This is an analysis of BTCUSD price action based on Elliott Wave Theory, aiming to predict whether Bitcoin will reach its long-term target of $125k-$140k via a "short path" or a "long path". Long-Term Target: Long-term target for this bullish cycle (which began at the 2022 low) is $125,000 - $140,000 . Risk Management: As price nears this target, traders should be very mindful of their risk due to Bitcoin's volatility. Trader should plan to take some profits when the price reaches the target region and use a trailing stop to protect gains.