Join our Safe and Private Discord Community → Daily analysis requests, Elliott Wave education & Q&As.

AI-generated source summary

The analysis focuses on Bitcoin's price prediction using Elliott Wave theory, indicating the completion of a major Wave 1 bullish run towards 125,000. The market is currently undergoing a corrective Wave 2, structured as an ABC pattern. Within this Wave 2, the price is actively unfolding an aggressive Wave C downtrend, targeting the 0.382 Fibonacci retracement for the overall bullish move, specifically around the 70,000 to 68,000 range. The 1.618 Fibonacci extension of Wave A from Wave B (67,922.20) is identified as a critical target for the completion of Wave C. On shorter timeframes (2-hour, 1-hour, and 15-minute charts), the internal structure of Wave C is presented, showing cascading impulse waves (1-2-3-4-5) that contribute to the accelerated downtrend. A potential rebound within this correction has been observed, structured as an ABC zigzag, which has concluded within the 0.618 to 0.886 Fibonacci retracement levels. However, the overarching bearish sentiment persists for the completion of the corrective Wave 2. The analysis outlines an invalidation point at 98,870; a move above this level would negate the current bearish outlook for Wave 2 and suggest a shift towards a more bullish or impulsive scenario. The overall long-term forecast suggests that once this bearish correction to 70,000 is completed, Bitcoin is anticipated to initiate a new bullish run towards 200,000.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   19 Nov 2025, 14:27 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   18 May 2026, 20:23 UTC

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

3. Market predictions extracted

   18 May 2026, 20:48 UTC

   1 eligible signal linked to this case.

4. Outcome tracking started

   02 Jul 2026, 01:22 UTC

   Tahlil Plus began monitoring the extracted predictions.

5. First prediction resolved

   02 Jul 2026, 01:22 UTC

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

6. Case evaluation completed

   02 Jul 2026, 01:22 UTC

   All evaluable predictions in this case reached terminal outcomes.