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 Online16 Oct 2025, 23:14 UTC
AI-generated source summary
The analysis focuses on Bitcoin (BTCUSDT) on a daily timeframe. The short-term structure is seen as weak, with potential for a trend continuation downwards. A key support level is identified around $100,000, which, if broken decisively, could signal a further move to the downside. The failure bound for this bearish outlook is set above the current price, around $114,000. The RSI indicator is at a level where support was previously found, suggesting a potential bounce, but the overall short-term trend remains bearish due to the lack of decisive upward momentum. The analysis also touches upon longer-term weekly trends, noting the importance of the 21-week and 55-week EMAs as support, and the potential for a bearish continuation if these are breached.
AI-generated summary based on the source content.
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