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 of Bitcoin (BTCUSD) indicates a current market bounce from the 138% Fibonacci extension level, observed around $85,813, following a five-wave C-wave pattern on the short-term chart. While the C-wave pattern is technically complete, a 'perfect' scenario would involve one more lower low, potentially reaching the 161.8% Fibonacci extension between $82,529.90 and $83,230. However, the immediate focus is on a potential bullish reversal. The first significant resistance for an upside move is identified at $89,200, representing a 38.2% to 50% Fibonacci retracement. A confirmed break above this $89,200 level would suggest that bullish momentum is gaining strength, leading to a larger rebound. On the daily timeframe, a broader resistance zone is projected between $96,747 and $103,807, which could serve as a target for a larger Wave IV bounce. The Relative Strength Index (RSI) on the daily chart is heavily oversold, supporting the possibility of an upward correction, though this metric alone does not guarantee a trend reversal. The primary actionable signal for a bullish shift is the successful breach of the $89,200 resistance. Conversely, if the price fails to sustain above current levels and falls below $83,230, the immediate bullish outlook would be invalidated, suggesting a continuation of the bearish trend or a deeper correction.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   21 Nov 2025, 04:45 UTC

   The analyst published the original source item.

2. First prediction resolved

   21 Nov 2025, 07:00 UTC

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

3. Case evaluation completed

   21 Nov 2025, 07:00 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.