BITCOIN - BTC | DAILY ANALYSIS : HIGHER PRICES TO UNFOLD TOWARDS 97K? OR ONE MORE FINAL LOW FIRST?
1 extracted signal · 0 resolved · 1 still active
KG TRADING - Crypto Elliott WavesIndependent analyst profile- Source published
- 16 Oct 2026, 08:59 UTC
- Recorded by Tahlil Plus
- 16 Oct 2026, 14:08 UTC
AI-generated source summary
The analysis focuses on Bitcoin (BTCUSDT) on a 1-hour timeframe. The current price is noted around $81,295.76. The primary technical outlook is bullish, with a target price of $97,536.79. This bullish scenario is considered invalidated if the price drops below $80,000.00. The analysis suggests that Bitcoin is currently in a corrective phase, possibly a zigzag pattern, with probabilities leaning towards a bearish outlook (60%) over a bullish one (40%) in the short term, but the longer-term outlook presented on the daily chart suggests a potential bullish continuation towards $100,000 and beyond, forming an ABC pattern or a larger expanding flat. The intraday analysis suggests a potential immediate move to the upside if resistance levels are broken, with confirmation for higher prices expected around $81,649.35 and further upside confirmation at $82,853.49. However, the overall market sentiment is described as ranging, with probabilities being re-evaluated. The long-term view on the daily chart presents a different perspective, suggesting a potential bearish ABC pattern targeting $47,557.72 if the price fails to break above certain resistance levels.
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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.