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 Online20 Oct 2025, 21:04 UTC
AI-generated source summary
The analysis suggests a moderate uptrend for Bitcoin, with the price breaking above the analyst's initial target of 100% extension. A move above that level indicates a potential shift in structure towards a larger corrective bounce. The analyst identifies potential B-wave rally. The analyst is looking for a clear five-wave move up to become more optimistic about further upside. If the pullback holds at 107237, a further high in wave 5 is possible. The current micro-structure is corrective, posing a challenge to tracking. Key resistance levels are around 116000 which aligns with the 61.8% retracement from the previous decline. 113500, aligns with the 50% retracement level. The 118000 area is identified as the point of control. The analyst notes that for a short-term focus on higher prices, the market should hold above 107237 in any pullback. The 38.2% retracement level at 108890 is mentioned as an ideal target for a fourth wave pullback, but the price hasn't reached that level. A break below 107237 would indicate a more bearish scenario.
AI-generated summary based on the source content.
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