Bitcoin completes five-wave decline, recovery toward $67k now in focus [Video]

Gregor Horvat Wavetraders

Bitcoin moved nicely to the downside over the last couple of weeks, as anticipated, but it now appears to have completed the projected five-wave impulsive decline on the 4-hour chart. This view is supported by the sharp rebound back above the Elliott Wave channel resistance line. We can now expect at least a three-wave A/1–B/2–C/3 recovery, with a minimum upside target around the 67k resistance area for wave C or 3. Currently, it can be slowing down within a corrective pullback in wave B/2 before the next leg higher within wave C or 3.

For a detailed view and more analysis like this, you can watch below our latest recording of a live webinar streamed on July 06:

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

Pi Network Price Forecast: PI crashes to a record low amid broader market stress

Pi Network price edges toward $0.1000 extending losses for the fifth straight day. Retail sentiment remains bearish as Open Interest and the funding rate decline. The technical outlook for PI is bearish as selling pressure mounts, despite oversold conditions.

Cardano Price Forecast: Extends losses as whale offloading, weak derivatives pressure ADA

Cardano remains under pressure, trading below $0.175 and posting four consecutive days of losses. Growing selling activity from large holders, weakening derivatives metrics and a deteriorating technical outlook suggest bears remain in control and could pave the way for further downside.

Crypto Market Overview: Bitcoin slips below $63,000 – Zcash and Polygon extend gains

Bitcoin trades below $63,000 risking a steeper correction amid resurfacing tensions between the US and Iran. Zcash and Polygon have maintained a steady recovery over the last 24 hours, hinting at an extended breakout rally. US military executed strikes against Iran on Wednesday in retaliation for three ships shot down by Tehran in the Strait of Hormuz.

SEC advances crypto regulatory agenda with proposals on token offerings, custody, market structure

The US Securities and Exchange Commission (SEC) on Tuesday unveiled an expansive crypto regulatory agenda for 2026. The regulator outlined plans to formalize oversight of digital assets through new rules governing token offerings, custody, trading platforms and broker-dealer operations.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.