BTCUSD Elliott Wave Analysis | Bitcoin Price Forecast Daily Chart
Bitcoin/U.S. Dollar (BTCUSD) – Daily Chart Review
BTCUSD Elliott Wave Technical Outlook
Function: Counter-Trend Movement
Market Mode: Corrective Phase
Wave Structure: Zigzag Pattern
Current Position: Wave C Formation
Next Higher Degree Trend: Anticipating Wave ((II))
Invalidation Level: Not Defined
BTCUSD Forecast & Strategy – Bitcoin Price Analysis
Bitcoin has posted a brief recovery in recent days. However, from an Elliott Wave perspective, the upward momentum still fits into a corrective phase, structured as an a–b–c wave pattern. We anticipate the formation of wave c next, which may lead to a sharper decline in Bitcoin’s price than initially expected.
- Completion of Wave (V) marks the beginning of a corrective A-B-C pattern.
- Wave b appears to be forming a Double Zigzag pattern (W)-(X)-(Y). The market is nearing the completion of wave b, and downward pressure is expected as wave c begins.
Bitcoin Trading Strategy
For Short-Term Swing Traders:
- Watch for bearish reversal signals in the $88K–$91K resistance area.
- Once a reversal or bearish divergence confirms → Execute short positions.
Target Price Range: $68,000 to $62,000
Risk Management: A clear break above $112K invalidates the corrective setup → Indicates a potential bullish trend continuation.
BTCUSD Elliott Wave Analysis | Bitcoin Price Forecast H4 Chart
Bitcoin/U.S. Dollar (BTCUSD) – 4-Hour Chart Review
BTCUSD Elliott Wave Technical Outlook
Function: Counter-Trend Setup
Market Mode: Corrective Movement
Wave Structure: Zigzag Formation
Current Position: In Progress of Wave C
Next Higher Degree Trend: Tracking Wave ((II))
Invalidation Level: Not Defined
Bitcoin Price Forecast & Strategy – Intraday View
While Bitcoin has seen upward movement recently, Elliott Wave indicators continue to interpret the structure as a corrective a–b–c sequence. The development of wave c may trigger deeper price declines.
- Wave (V) is now complete, leading to an A-B-C corrective wave.
- Wave b is evolving into a Double Zigzag pattern (W)-(X)-(Y), signaling that wave c may begin shortly.
- Short-Term Trading Strategy
Swing Trade Tactics:
- Focus on the $88K–$91K zone for reversal patterns or bearish divergences.
- Upon confirmation of trend shift → Position for downside trades.
- Bearish Target Range: $68,000 to $62,000
Risk Management: A decisive move above $112K disrupts the bearish structure → Indicates trend reversal to bullish bias.
Technical Analyst: Kittiampon Somboonsod
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