This video provides a professional Elliott Wave and technical analysis of Bitcoin (BTC), focusing on market structure, key support and resistance zones, and both bullish and bearish possibilities. The goal is to give viewers a clear, educational overview of Bitcoin’s market setup.

AI-generated source summary

The analysis focuses on BTCUSD and Bitcoin Dominance, primarily utilizing Elliott Wave theory, Fibonacci extensions and retracements, and moving averages on the daily timeframe. For BTCUSD, the current price is approximately 104,719. The local trend is identified as bearish, suggesting a continuation of a five-wave movement to the downside within a yellow scenario. Specific downside targets are projected, with the 138% Fibonacci extension at 98,350 and the 161.8% extension at 96,289. An inferred short-term target is 97,000. Resistance levels around 105,245 to 102,884 are noted. While the local trend indicates bearish pressure, the broader market trend remains bullish. A definitive bear market confirmation would necessitate a decisive weekly candle close below the 55-week exponential moving average (around 99,000) and the 78.6% retracement at 83,166. A failure bound for the current short-term bearish outlook would be a sustained move above 106,000. The Relative Strength Index (RSI) on the daily chart is approaching a support line around 34, indicating a potential bounce, though not yet oversold. The speaker acknowledges that a larger A-B-C corrective pattern followed by higher prices remains a plausible scenario, as the overarching bullish trend is not yet invalidated. For Bitcoin Dominance (BTC.D), currently around 60%, the trend is observed to be grinding higher, with a predicted bullish movement towards 63-64%. An inferred target is 63.5%, with a fail bound below 58.5% should the upward trendline break.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   04 Nov 2025, 16:41 UTC

   The analyst published the original source item.

2. First prediction resolved

   10 Nov 2025, 00:00 UTC

   The first evaluable outcome in this case reached a terminal result.

3. Case evaluation completed

   10 Nov 2025, 00:00 UTC

   All evaluable predictions in this case reached terminal outcomes.

4. Source recorded by Tahlil Plus

   18 May 2026, 20:23 UTC

   The public source was preserved as the evidence record for this case.

5. Market predictions extracted

   18 May 2026, 20:48 UTC

   1 eligible signal linked to this case.

6. Outcome tracking started

   02 Jul 2026, 01:22 UTC

   Tahlil Plus began monitoring the extracted predictions.