BlackRock Bitcoin ETF could be finishing a correction

Gregor Horvat Wavetraders

BlackRock Bitcoin ETF with ticker IBIT looks like a nice and clean A-B-C correction in the 4-hour chart that is right now sitting at interesting support area for A=C, but to confirm support in place and bulls back in the game, we need to see sharp or impulsive recovery back above 36,43 level.

The main reason why Bitcoin ETFs can see more gains after current correction is also GrayScale Bitcoin Investment Trust with ticker GBTC, which is on the scene much longer than Blackrock's ETF - IBIT. As you can see, GBTC can be just slowing down after testing all-time highs and it can be now already potentially finishing a higher degree A-B-C correction in wave 4 that can resume the bullish trend for the 5th wave.

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.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.