Core Scientific (NASDAQ: CORZ) enters bullish phase

Core Scientific Inc. (NASDAQ: CORZ) stands as a dominant force in the North American Bitcoin mining sector, operating one of the largest and most efficient infrastructures. As the digital asset ecosystem rallies, CORZ has emerged as a top performer, confirming a powerful bullish regime for the entire mining segment.

Today, we analyze the precise Elliott Wave pattern behind the explosive price action. Furthermore, our technical blueprint outlines specific targets for its continued ascent, highlighting a compelling opportunity driven by strong sector momentum and a clear wave structure.

Elliott Wave analysis

CORZ’s 2024 peak marked Wave ((1)). Subsequently, a three-wave zigzag correction formed Wave ((2)) at $6.20 in April 2025. The stock then broke decisively to new all-time highs. This current structure shows a three-swing rally from the lows, confirming an incomplete bullish sequence.

CORZ must still complete its five-wave advance from both the all-time and April lows. The bullish cycle currently advances within Wave (3) of ((3)). This powerful phase requires at least three more swings upward. Consequently, the stock should extend its rally toward the $24.40 – $31.90 equal legs target. The strongest impulse wave remains fully in progress.

CORZ daily chart 10.20.2025

Conclusion

CORZ maintains a firm bullish sequence within its daily cycle. Consequently, investors should systematically use pullbacks to build positions. Apply our Elliott Wave strategy for optimal timing. Specifically, enter after the stock completes a 3, 7, or 11-swing correction. Furthermore, our proprietary Blue Box system pinpoints these high-probability entries with exceptional accuracy. Ultimately, this disciplined approach provides the clarity and confidence needed to capture the next leg higher.