BTC: Elliott Wave Analysis Price Prediction | 4hr & 1hr | Bitcoin Forecast & Key Levels
1 extracted signal · 1 resolved · 0 still active
Koenz TradingIndependent analyst profile- Source published
- 17 Aug 2026, 09:45 UTC
- Recorded by Tahlil Plus
- 17 Aug 2026, 11:15 UTC
AI-generated source summary
The analysis focuses on Bitcoin (BTCUSDT) on the 1-hour timeframe. The current price is observed around 63,700. The primary bearish scenario suggests a continuation of the downward trend, with a target price set at 60,500. This prediction is based on the observed Elliott Wave patterns, specifically an expanding diagonal which could be wave A of a larger zigzag, followed by a potential wave B retracement, and then a final wave C downwards. The analysis indicates that the 0.382 Fibonacci retracement level was achieved during the upward retracement, reinforcing the bearish outlook. The invalidation level for this bearish prediction is set above 65,000, suggesting that a break above this level would negate the current wave count. The interpretation of price action suggests that for the bearish outlook to remain valid, any corrective move upwards should be contained and not break established resistance levels, while the overall market structure should continue to favor downside continuation. If the price fails to break below the support level of 62,700, it might lead to a re-evaluation of the bearish thesis.
AI-generated summary based on the source content.
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Koenz Trading
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