Current Price: ~$90,700
Timeframe: 1W (Weekly)
Wave Structure: Impulse Cycle – in progress
🔍 Elliott Wave Count
-
Wave 1 completed near $69,000
-
Wave 2 corrected to around $15,479
-
Wave 3 top formed at $107,000–$110,000 zone (Ending diagonal wedge visible)
-
Wave 4 correction in progress
🟦 Wave 4 Expected Correction Zone
Key support levels:
| Level | Purpose |
|---|---|
| $96,565 – first support | Minor reaction level |
| $90,000 zone – current testing | Ongoing wave 4 |
| $69,000 major support | Final/Max correction zone |
| $62,000 – extension lower possibility | If panic liquidation |
📍 Wave 4 typically retraces 23.6%–38.2% of wave 3. Current move aligns with expected correction.
📊 Wave 5 Projection (Bullish Targets)
Once wave 4 bottom is confirmed, Wave 5 upside targets:
| Wave 5 Target Zones | Levels |
|---|---|
| Primary Target | $147,000 |
| Extended Target | $168,669 |
| Major Fibonacci + Cycle Target | $187,805 – $197,547 |
| Euphoria Top | $213,204 |
Time expectation: Mid–2026
📌 Market View
📉 Short-term
Correction may continue until a bottom forms near $80,000 – $69,000 zone.
📈 Mid to Long-term
Bullish continuation toward Wave 5 mega cycle top.
🎯 Strategy Thoughts
| Style | Action Idea |
|---|---|
| Buy on deep dips | Accumulate near $80K–$70K |
| Breakout Trading | Above $110K |
| Profit booking | Partial at $147K / $168K, final at $190K–$213K |
⚠ Risks to Consider
-
Macro volatility (Rates / recession risks)
-
BTC halving euphoria corrections
-
Regulatory uncertainty
Summary
🔺 Bitcoin currently in Wave 4 corrective phase
🔻 Possible downside to $80K–$69K zone
🚀 Wave 5 upside potential: $147K → $168K → $190–$213K
