BTC Price News Today - Technical Analysis and Elliott Wave Analysis and Price Prediction! In this video I talk about the Bitcoin BTC Cryptocurrency price and carry out a technical analysis. I also talk about my Bitcoin Elliott Wave count and discuss where the price could be going next.
1 extracted signal · 1 resolved · 0 still active
More Crypto Online08 Oct 2025, 14:37 UTC
AI-generated source summary
The analysis focuses on Bitcoin (BTCUSDT) on a 30-minute timeframe. The current price is around 122,770. The speaker suggests that Bitcoin might have completed a three-wave move downwards and is poised for a bounce. The key resistance level to watch is at 122,918, with a more significant resistance cluster between 123,914 and 125,585. If Bitcoin breaks above 122,918, the next target is 123,914, followed by a higher target around 125,585. A close above 123,914 would signal a bullish continuation. The fail bound for this bullish outlook is set at 121,738. If the price drops below this level, the bullish scenario is invalidated. The analysis also notes that the current pullback appears to be a three-wave structure, suggesting a potential reversal to the upside. The speaker also mentions that a three-wave move down from the all-time high is still a possibility, leading to a potential ABC structure, but the current price action suggests otherwise.
AI-generated summary based on the source content.
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