Bitcoin Shows the Bounce We Wanted. What Comes Next?
1 extracted signal · 0 resolved · 1 still active
More Crypto OnlineIndependent analyst profile- Source published
- 27 Oct 2026, 22:12 UTC
- Recorded by Tahlil Plus
- 28 Oct 2026, 04:04 UTC
AI-generated source summary
The daily chart shows Bitcoin potentially in a corrective wave pattern. The primary bearish scenario suggests a three-wave move (A-B-C) where wave A represents the initial five-wave impulse up, and wave B is a three-wave correction. The current price action appears to be within wave C, which itself is expected to be a five-wave decline. Specifically, the analysis indicates that wave A topped around the 90k to 97k range, followed by a correction. The most recent downward movement from the higher price levels is interpreted as a potential three-wave sequence (a-b-c) forming wave C. The analysis highlights a descending channel where Bitcoin has been trading. The immediate target for a bearish outlook is the lower bound of this channel, with key support levels identified within the 74,800 to 63,326 range, specifically targeting the 74,804 level as a first target. A break above the recent high at approximately 85,000 would invalidate the bearish short-term outlook. The RSI indicator shows a bearish trend, reinforcing the potential for further downside.
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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.