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 Online16 Jan 2026, 18:51 UTC
AI-generated source summary
The daily chart for BTCUSDT shows a potential completion of a five-wave impulsive move (1-2-3-4-5) from a lower low, with the current price around 95,288. The 38.2% Fibonacci retracement level at approximately 92,795 acted as support previously, and the 50% retracement at 90,906 and 61.8% at 88,181 are also significant levels. The price is currently consolidating below key resistance levels at 96,268 and 98,000, which also align with the 50% and 61.8% retracement levels of a larger bearish move. It is possible that the rally from the previous low was a corrective wave (iv) and that we are nearing the completion of wave (v) or the end of the entire upward impulse. A break below the immediate support at 92,795 could signal the start of a corrective wave (iv) to the downside, targeting the 74,198 to 68,834 zone, which represents the 61.8% and 78.6% Fibonacci retracement levels of the previous significant move. The short-term trend remains bullish as long as price stays above the 90,000 to 87,000 support area.
AI-generated summary based on the source content.
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Signals in this source
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