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.
1 extracted signal · 1 resolved · 0 still active
More Crypto Online18 Nov 2025, 18:00 UTC
AI-generated source summary
Bitcoin has recently reached significant support levels, particularly around the 90,000 to 91,000 range, coinciding with the 61.8% Fibonacci retracement level. The RSI indicator shows oversold conditions, suggesting a potential for a bounce. The short-term analysis on the 30-minute chart indicates that while the overall trend remains bearish, there's a possibility of a corrective wave (wave IV) or a bounce from the current levels. Key resistance levels to watch for a potential trend reversal are around 95,000 to 97,000, with a decisive break above 98,000 signaling a stronger bullish continuation. However, a failure to hold the current support levels could lead to further downside towards the 83,000 to 82,000 area.
AI-generated summary based on the source content.
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