WARNING: This Bitcoin Chart Shows A New Downside Target
1 extracted signal · 0 resolved · 1 still active
Alessio Rastani28 Jul 2026, 16:46 UTC
AI-generated source summary
The analysis focuses on Bitcoin's (BTCUSDT) potential downside based on Elliott Wave Theory. The speaker highlights that the current price decline, while significant, is a normal part of a larger wave structure. The key takeaway is that while Bitcoin has experienced substantial gains, it is still in a corrective phase. The speaker references a previous analysis from December 2024 which predicted a target of wave (4) at $3233, and a 6x level at $3500, suggesting a bearish outlook. The current market is interpreted as being in a topping phase after reaching an all-time high, and a correction is expected to occur, potentially revisiting previous wave 4 levels around $20,000, or even lower to $3,233-$3,500 based on past analysis. The overall sentiment suggests caution and potential for further downside in the short to medium term, as the market's social mood can lead to irrational exuberance followed by sharp corrections.
AI-generated summary based on the source content.
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Alessio Rastani
Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.