Bitcoin (BTC) pulled back slightly in yesterday’s session but remains on track to continue its corrective rally within green wave B. In line with our primary scenario, this advance is expected to reach the blue Target Zone between $117,553 and $130,891. Afterward, we anticipate the onset of wave C, which should initiate a substantial decline—driving the price down into the lower blue zone between $62,395 and $51,323. This is also where we expect orange wave a to conclude. From there, wave b should provide a temporary rebound before wave c resumes the broader downtrend, ultimately completing blue wave (ii). That said, there’s still a 30% probability that blue wave alt.(i) has not yet topped. In this alternative scenario, BTC would extend higher, potentially breaking above resistance at $130,891 before the corrective phase resumes. The daily chart illustrates the entire five-wave blue sequence and shows our expected low for wave (ii) within the blue zone between $37,623 and $26,082.
📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.