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

Bitcoin (BTCUSD) is currently undergoing consolidation, positioned above the recent weekly low of approximately $99,000 and below the crucial $105,000 resistance level. This resistance is significant, acting as a 50% Fibonacci retracement level and having previously served as support during multiple swing lows in October. The $100,000 mark provides psychological support, further reinforced by the 55-week Exponential Moving Average and prior swing lows observed in June. The Relative Strength Index (RSI) on the daily timeframe has shown oversold conditions, with the price maintaining above a key trendline. Current price action exhibits an initial three-wave upward move followed by a three-wave downward move, suggesting a potential triangle formation or continued sideways movement. The market remains in a state of indecision until a clear break occurs. For a bullish sentiment to emerge, Bitcoin must decisively break above the $105,000 resistance and the upper boundary of its current price channel. Upside targets, in this scenario, could extend towards $109,383 to $112,490. Conversely, a breakdown from the current consolidation, potentially following a triangle pattern or a corrective B-wave bounce, could lead to a further sell-off, with a projected bearish target around $92,000, aligning with Elliott Wave counts and lower Fibonacci levels. The analysis highlights that a sustained move above $105,000 would invalidate the current bearish outlook.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   07 Nov 2025, 06:47 UTC

   The analyst published the original source item.

2. First prediction resolved

   09 Nov 2025, 20:00 UTC

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

3. Case evaluation completed

   09 Nov 2025, 20:00 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.