Bitcoin Daily Elliott Wave Analysis
Once ((ii)) resolves, wave ((iii)) projects to 80,787 at the 2.618 extension, with 69,250 (1.0) and 70,933 (1.236) marking the acceleration zone. Wave ((iv)) should then correct to 74,492 before wave ((v)) completes wave C near 93,432, where the 0.5 retracement meets the upper channel boundary. A move below 57690.12 invalidates the count.
Bias
Turning BullishCurrent wave
Wave B Intermediate degreeCondition
Corrective FormingConfidence
Medium Count activeInvalidation
57670.84 Count is wrong beyondWave Thesis
BTCUSD Daily
Bitcoin topped at the cycle all-time high of $126,272 on October 6, 2025, completing the five-wave Primary advance from the 2022 low. Since then, price has been correcting lower in what multiple independent Elliott counts describe as a Primary Wave 4 zigzag (A)-(B)-(C), still in a forming, sideways-corrective phase rather than a completed structure.
Elliott Wave analysis is a technical analysis method that identifies repeating price patterns, or "waves," shaped by shifts in investor psychology. It's used to forecast probable future price direction based on the market's current wave structure.
No. Elliott Wave analysis identifies the most probable wave count and price scenario based on current market structure, but markets can and do invalidate a count. It should be used alongside proper risk management, not as a standalone guarantee.
An impulse wave is a five-wave structure that moves in the direction of the larger trend, while a corrective wave is a counter-trend structure (commonly three waves) that retraces part of the prior move.
As of this analysis, Bitcoin is trading in Wave B, of Intermediate degree, on the daily timeframe.
Based on the current Elliott Wave structure, our analysis shows a Turning Bullish bias for Bitcoin.
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Sign In to CommentThis analysis is for information and education only and is not financial advice. Trading leveraged products such as forex, futures and CFDs carries a high risk of loss and may not be suitable for all investors. Past performance is not a guide to future results.
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