Bitcoin Elliott Wave technical analysis [Video]

BTC/USD day crypto chart

BTC/USD Elliott Wave technical analysis

Function: Counter Trend.

Mode: Corrective.

Structure: Flat.

Position: Wave (C).

Direction next higher degree: Wave ((4)).

Wave cancel invalid level: Not specified.

Details:

BTCUSD has corrected down to a key support level at 78,402 USD, where strong buying momentum has emerged. Based on the Elliott Wave structure, the price is indicating a potential V wave formation. If this scenario unfolds as expected, BTC could reach 126,000 USD in this cycle!

BTC/USD day chart analysis: Bullish potential in Elliott Wave structure

This section of the analysis focuses on the BTCUSD daily chart, which highlights a corrective flat structure within a counter-trend movement. Bitcoin has recently adjusted downward to a key support level at 78,402 USD, where strong buying pressure has emerged. This development suggests that BTC may be preparing to enter a V wave formation, according to Elliott Wave principles.

BTC/USD Four-hour crypto chart

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave (C)

Direction next higher degree: Wave ((4))

Wave cancel invalid level: Not specified

Details:

BTCUSD has retreated to the crucial support zone at 78,402 USD, where buyers have shown strong interest. The Elliott Wave structure suggests the possibility of entering V wave formation. If the pattern follows expectations, BTC could potentially reach 126,000 USD in this cycle!

BTC/USD four-hour chart analysis: Short-term buy signal from supportzone

The H4 (4-hour) chart provides a more granular look at Bitcoin’s corrective structure, reinforcing the bullish setup observed in the daily chart. BTCUSD has encountered strong demand at the 78,402 USD support level, suggesting that buyers are stepping in to drive the price upward.

On this timeframe, Bitcoin is still in Wave (C) of the flat correction, within the broader Wave ((4)) structure. The short-term outlook suggests a possible V wave emergence, which, if confirmed, could drive BTCUSD toward 126,000 USD in this cycle.

Bitcoin Elliott Wave technical analysis [Video]