BITCOIN BTC | DAILY ANALYSIS: IS THE NEXT MAJOR CRASH OR BREAKOUT STARTING NOW?
1 extracted signal · 1 resolved · 0 still active
KG TRADING - Crypto Elliott Waves04 Jun 2026, 18:54 UTC
AI-generated source summary
The analysis presented for Bitcoin (BTCUSDT) indicates a bearish trend based on Elliott Wave theory. The price is observed to be in wave 3 of a larger downtrend. The current price is noted at approximately $63,236.29. The analysis suggests that BTC may form a corrective ABC pattern, with wave B potentially reaching around $67,444.42 before a further decline. The target for this bearish move is estimated to be near $59,500. The invalidation level for this bearish outlook is set at $65,000, as a move above this level would suggest a different, potentially bullish, wave structure. The analyst suggests that the overall market sentiment remains bearish, with potential for further downside in the cryptocurrency market. The timeframe for this analysis is the 1-hour chart.
AI-generated summary based on the source content.
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Signals in this source
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