Bitcoin Elliott Wave Forecasts Dominant Bearish Trends Nasdaq The bitcoin elliott wave forecast suggests that the bearish patterns are dominating so long as bitcoin prices remain below $14,000. bitcoin elliott wave analysis talking points: bitcoin prices. Bearish divergence observed on the relative strength index (rsi) coincided with the price peak, suggesting weakening bullish momentum. the rsi’s decline from overbought levels supports the onset.
Bitcoin Elliott Wave Forecasts Near Term Support Of Prices Nasdaq Bitcoin’s (btc usd) bearish momentum intensifies as the elliott wave 5 wave cycle concludes at an all time high of $110,000. with a confirmed breakdown below $84,440, btc is set for a deeper technical correction, targeting the next key support at $73,500. read on for insights and updated targets. Elliott wave principles suggest the market is entering wave (b), which historically leads into another downward leg. traders should focus on the $90,792 resistance level, which could act as a significant pivot point. the bearish trend completed wave ( (5)) near $76,703. Explore the latest btcusd elliott wave analysis with accurate bitcoin price prediction, trading strategy, and corrective wave insights. updated daily and 4 hour charts with swing trade targets and risk levels. While the ftx collapse may have been a catalyst for the recent selloff, sentiment conditions were already quite bearish when it happened. however, even though sentiment was bearish as bitcoin traded between 15k and 16k, tony made this bold forecast in early december 2022: bullish reversal underway.
Elliott Wave Bitcoin Elliott Wave Gold Explore the latest btcusd elliott wave analysis with accurate bitcoin price prediction, trading strategy, and corrective wave insights. updated daily and 4 hour charts with swing trade targets and risk levels. While the ftx collapse may have been a catalyst for the recent selloff, sentiment conditions were already quite bearish when it happened. however, even though sentiment was bearish as bitcoin traded between 15k and 16k, tony made this bold forecast in early december 2022: bullish reversal underway. According to elliott wave theory, wave 3 is typically the strongest and longest wave, reinforcing our expectation that bitcoin could target 108,000 usd in the near future. expected scenario for bitcoin: wave 2 completion at 93,100 usd: the wxy correction added depth to the downward move. Following the wave 4 correction, the price is expected to embark on a wave 5 impulse that could propel bitcoin toward $120,000 or even higher. the daily chart’s relative strength index (rsi). Bitcoin (btc) is at a crucial juncture, showing potential for a breakout following a corrective wave. the larger trend structure indicates an ongoing wave 4 correction, while the lower. As our members know, bitcoin is currently correcting its short term cycle from the 76,612 low. in the following analysis, we will break down the elliott wave forecast and identify the key target area. btcusd elliott wave 1 hour chart 04.02.2025. the pullback still looks incomplete at the moment.