|

Bitcoin short term bullish sequence targets $68.200 [Video]

The short‑term Elliott Wave outlook for Bitcoin (BTCUSD) indicates that the cryptocurrency has established a constructive bullish sequence from the June 25, 2026 low. From that level, the rally unfolded in the form of a zigzag structure. Within this advance, wave (i) terminated at $60,930, followed by a corrective pullback in wave (ii) that ended at $57,600. Momentum then carried the market higher, with wave (iii) reaching $64,017 before a modest retracement in wave (iv) concluded at $61,047.53. The final leg, wave (v), extended to $64,735, thereby completing wave ((a)) of a higher degree.

Subsequently, the market entered a corrective phase in wave ((b)), which unfolded as an expanded flat. This correction ended at $61,286.25. Importantly, price action has broken above the termination point of wave ((a)), thereby confirming the presence of a bullish sequence. The next target lies in wave ((c)), which can be projected using the Fibonacci extension of wave ((a)). The 100% to 161.8% extension range defines the potential zone between $68,200 and $72,700. This area represents a region where sellers may attempt to reassert control.

In the near term, as long as the pivot at $57,576.4 remains intact, dips are expected to attract buyers. The corrective pullbacks should unfold in either three or seven swings, offering opportunities for continuation higher. This structure underscores the resilience of the current rally and highlights the potential for further upside before any significant reversal develops. The Elliott Wave framework continues to favor strength while the key pivot holds, reinforcing the bullish bias in the short‑term cycle.

Bitcoin 60-minute Elliott Wave chart

Bitcoin Elliott Wave [Video]

Youtube preview

Author

Elliott Wave Forecast Team

Elliott Wave Forecast Team

ElliottWave-Forecast.com

More from Elliott Wave Forecast Team
Share:

Editor's Picks

Pi Network Price Forecast: PI eyes a rebound as broader market recovers

Pi Network hovers above $0.07500 on Wednesday, showing early signs of a rebound from a key support zone after over two weeks of steady decline. The broader market recovery linked to reduced US inflation and the likelihood of fewer rate hikes eases risk-off sentiment, which had been weighing down altcoins.

Top 3 Price Prediction: BTC, ETH and XRP show tentative recovery as key technical levels hold

Bitcoin, Ethereum and Ripple trade with a mild positive bias on Wednesday as sentiment improves across the cryptocurrency market. BTC is testing its 50-day Exponential Moving Average, ETH has broken above a key resistance level at $1,800, while XRP has found support around a key level.

Crypto Market Overview: Bitcoin regains strength – Zcash eyes record high, Pump.fun rebounds

The broader cryptocurrency market shows near-term recovery signals with a weaker-than-expected US Consumer Price Index report for June, easing inflation risks. Bitcoin price hovers above $64,000 on Wednesday, testing the breakout of its 50-day Exponential Moving Average at $65,146, which capped its previous day’s 4% rebound.

Hyperliquid representatives, Trade[XYZ] meet SEC Crypto Task Force to discuss digital asset regulation

The US Securities and Exchange Commission's Crypto Task Force met with representatives from the Hyperliquid Policy Center, XYZ Ltd., which operates Trade[XYZ] and Sullivan & Cromwell LLP to discuss regulatory approaches to digital assets, according to a memorandum released Tuesday.

Bitcoin: Strategy sells, the market doesn’t care
Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.