Is the Bitcoin Bottom In? The Level That Decides
1 extracted signal · 0 resolved · 1 still active
More Crypto OnlineIndependent analyst profile- Source published
- 24 Aug 2026, 20:04 UTC
- Recorded by Tahlil Plus
- 24 Aug 2026, 20:33 UTC
AI-generated source summary
Bitcoin is currently consolidating below the 88.7 retracement level, specifically between 76,000 and 79,638, and 79,000 dollars. These levels are significant as the 78.6 retracement acts as the last relevant support level in a potential Wave 2. The 76,000 to 77,000 level was previously targeted and reached as a resistance for Wave 2. The 88.7 retracement level around 79,500 dollars is the final Fibonacci level before reaching the next structural resistance, which is the swing high from May 5th. A break above this level would signify the beginning of Wave 1 to the downside for Wave 2, or alternatively, it could indicate the continuation of the rally towards the next structural resistance. The current price action is in a decision zone, making both levels crucial for determining the future direction.
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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.