Bitcoin EW-Update

Bitcoin EW-Update

Bitcoin Elliott Wave Analysis & Trading Outlook

Bitcoin has successfully broken out of our initial short zone first identified on July 14th, 2025. Following the completion of green wave 1, we anticipated a corrective phase unfolding as green wave 2.

This corrective structure is expected to develop into a standard A–B–C formation. After the completion of orange wave A, which precisely met our Fibonacci target zone (highlighted in grey), Bitcoin entered an overextended orange wave B — a move we anticipated and captured accurately within our projected Fibonacci resistance zone. This area can now be marked as completed.

We now expect Bitcoin to progress into the final orange wave C, concluding the overall correction of green wave 2. Based on Fibonacci retracement levels, the projected termination zone lies between the 50% retracement at $62,459and the 61.8% retracement at $51,343. Within this zone, orange wave C should complete, finalizing green wave 2and setting the stage for the next impulsive advance — green wave 3 — characterized by renewed bullish momentum.

Trading Plan

With orange wave B now completed, Bitcoin has initiated the first red wave A of the ongoing orange wave C. We expect this movement to unfold through red waves A–B–C, ultimately bringing orange wave C — and consequently green wave 2 — to completion.

Our strategy remains conservative:

  • Wait for confirmation — specifically, a break below the first local support at $98,327.
  • This would likely lead to further downside toward the next major support at $74,451, ultimately driving price into our Fibonacci accumulation zone between $62,459–$51,343.

This Fibonacci target zone represents a high-probability buying opportunity, but patience is key — allow price to reach the zone before taking any action.

Until new market developments occur, we will continue to monitor Bitcoin closely and provide timely updates.