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 Online17 Oct 2025, 03:37 UTC
AI-generated source summary
The analysis focuses on Bitcoin (BTCUSD) on a daily timeframe. The current price is around 108,353.35. The analyst identifies a potential bounce from the 97,571.82 to 107,571.82 support zone, which also aligns with the 55-week exponential moving average. If this support holds, the target for a potential wave 5 rally is estimated at 121,934.0. The invalidation level for this bullish scenario is set below the identified support, specifically at 107,571.82, as a break below this level would suggest further downside. The analysis also considers a shorter-term perspective on the 30-minute chart, suggesting that if Bitcoin breaks below the 97,571.82 level, it could indicate a more complex wave structure, possibly an ending diagonal, leading to further downside. However, the primary bullish outlook relies on the stability around the current support levels.
AI-generated summary based on the source content.
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