- Bitcoin hit a new all-time high of $124,000 while Ethereum broke above $4,700 for the first time since 2021, boosting sentiment across major altcoins including Worldcoin.
- WLD has gained 15% this week and is forming a Bearish Butterfly harmonic pattern that often precedes strong rallies during the CD leg phase.
- The pattern's Potential Reversal Zone sits between $1.8650 and $2.1640, suggesting WLD could rally up to 95% toward the $2.1640 target.
- Maintaining price action above the 200-day moving average near $1.03 will be crucial for keeping the bullish outlook intact.
Date: Thu, Aug 14, 2025 | 07:10 AM GMT
The cryptocurrency market is in full bullish swing as Bitcoin (BTC) hits a new all-time high of $124,000 today, while Ethereum (ETH) broke above the $4,700 mark for the first time since 2021, surging over 29% in weekly gains. This surge has boosted sentiment across major altcoins, including Worldcoin (WLD).
WLD has posted an impressive 15% gain this week, and more importantly, its latest chart reveals a key harmonic pattern that suggests further upside potential in the short term.
Harmonic Pattern Hints at Bullish Continuation
On the daily chart, WLD is forming a Bearish Butterfly harmonic pattern. Despite its name, this pattern often precedes strong rallies during the CD leg — typically the most aggressive phase of the move.
The setup began at point X near $1.63, dropped to point A, rebounded to point B, and then slid again to point C around $0.9010. From that low, WLD has staged a sharp rebound, now trading near $1.10 and showing signs of renewed buying momentum.
If the CD leg plays out as projected, the Potential Reversal Zone (PRZ) sits between $1.8650 (1.272 Fibonacci extension) and $2.1640 (1.618 extension). These are historically significant levels where the Butterfly pattern tends to complete, often triggering consolidation or profit-taking after the rally.
What’s Next for WLD?
If bullish momentum and trading volume continue to climb, WLD could be on track for a move of up to 95% toward the $2.1640 target, where point D is projected. That area, however, is also expected to act as a major resistance and could be a turning point for the trend.
Maintaining price action above the 200-day moving average, currently near $1.03, will be crucial for keeping this bullish outlook intact. A breakdown below that level could weaken the pattern and invite a short-term correction.
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