Bitcoin Analysis: Targets of the Next Bull Market

AI-generated source summary

The analysis presents an Elliott Wave perspective on Bitcoin's price action, identifying a potential 5-wave bullish structure (waves 1 through 5) that may follow the recent corrective pattern. The current assessment suggests Bitcoin is potentially in wave 3 of a larger uptrend, with specific Fibonacci extension targets projected at 138% ($725,336.87) and 161.8% ($1,295,258.71) of the initial wave. The analysis also notes potential support levels and resistance areas, particularly highlighting the significance of the $40,000 to $50,000 range as a key area for the conclusion of the C wave in a potential ABC correction. A failure of the current bullish thesis would be indicated by a break below the $38.20% retracement level, estimated around $56,354.44. The longer-term outlook suggests a potential upward trend to new all-time highs, contingent on overcoming intermediate resistance levels. The analysis also briefly touches on micro-support and resistance zones for intraday trading but emphasizes the longer-term wave structure for the primary outlook.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   11 Jun 2026, 18:34 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   11 Jun 2026, 19:01 UTC

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3. Market predictions extracted

   11 Jun 2026, 19:01 UTC

   1 eligible signal linked to this case.

4. Source processing completed

   11 Jun 2026, 19:01 UTC

   Source analysis and structured extraction completed.

5. Outcome tracking started

   12 Jun 2026, 01:01 UTC

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6. Live evaluation in progress

   01 Aug 2026, 03:05 UTC

   1 signal remains active.