$BTC — sitting at a level that could decide the next several months.
Looking at this Elliott Wave count, there's a roadmap worth paying attention to right now.
Where we are:
Price is around 59K, with a possible recovery toward 65K. If that area gets rejected, we could see a pullback toward 62K before the next decision point.
If selling continues:
The next support most people are watching sits around 55K. If that fails to hold, the next zone of interest is closer to 47K, where some analysts expect stronger long-term buying interest.
Looking past the correction:
If BTC manages to build a solid base after this decline, that's typically when the next bigger expansion phase begins. Some longer-term bullish projections go well beyond current levels, but that all depends on liquidity, macro conditions, institutional flow, and overall sentiment, none of which is guaranteed.
This isn't a confirmed roadmap, just one structured way of reading where price could go from here. The next few weeks likely tell us whether this is just a deeper correction within the bigger uptrend, or something more serious.
Where do you think this goes, recovery toward 65K first, or breakdown toward 55K?
Like if you're tracking this structure too, drop your own read in the comments, share with someone trying to figure out where BTC goes next, and follow for more of these structure-based updates.
$SOL
$
$ARB
#DowHitsRecordClose #SupremeCourtBlocksTrumpFromRemovingFedCook #YenHitsFourDecadeLowVsDollar
Looking at this Elliott Wave count, there's a roadmap worth paying attention to right now.
Where we are:
Price is around 59K, with a possible recovery toward 65K. If that area gets rejected, we could see a pullback toward 62K before the next decision point.
If selling continues:
The next support most people are watching sits around 55K. If that fails to hold, the next zone of interest is closer to 47K, where some analysts expect stronger long-term buying interest.
Looking past the correction:
If BTC manages to build a solid base after this decline, that's typically when the next bigger expansion phase begins. Some longer-term bullish projections go well beyond current levels, but that all depends on liquidity, macro conditions, institutional flow, and overall sentiment, none of which is guaranteed.
This isn't a confirmed roadmap, just one structured way of reading where price could go from here. The next few weeks likely tell us whether this is just a deeper correction within the bigger uptrend, or something more serious.
Where do you think this goes, recovery toward 65K first, or breakdown toward 55K?
Like if you're tracking this structure too, drop your own read in the comments, share with someone trying to figure out where BTC goes next, and follow for more of these structure-based updates.
$SOL
$
$ARB
#DowHitsRecordClose #SupremeCourtBlocksTrumpFromRemovingFedCook #YenHitsFourDecadeLowVsDollar