BITCOIN - BTC | Daily Close: Massive Move Coming Soon?! Watch These Critical Levels
1 extracted signal · 0 resolved · 1 still active
KG TRADING - Crypto Elliott WavesIndependent analyst profile- Source published
- 02 Sept 2026, 18:45 UTC
- Recorded by Tahlil Plus
- 02 Sept 2026, 19:47 UTC
AI-generated source summary
The analysis focuses on Bitcoin (BTC) with a 1-hour timeframe. The current price is around $77,100. The primary bullish scenario suggests a target of $97,000. This projection is based on an Elliott Wave analysis, which identifies a potential ABC correction completing, followed by a larger impulse wave. A key fibonacci level of 1.618 is noted at $97,098.21, aligning with the target. The analysis suggests that if Bitcoin completes its current wave 5 as a shallow diagonal, it could then push higher towards the $97,000 to $100,000 range. The failure bound for this bullish scenario is set at $70,000. If the price breaks below this level, the bullish outlook would be invalidated. A bearish scenario is also considered, where Bitcoin might form a running flat and then a larger wave down, potentially to $48,000, but the current probabilities lean towards the bullish continuation. The speaker expresses optimism about reaching the $100,000 mark.
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KG TRADING - Crypto Elliott Waves
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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.