Bitcoin is on the rise. Notice that price is breaking the upper line of a base channel, which confirms that we are still in the wave three extension, so more upside could follow. There is some near-term resistance around 78/80k, where market can once again slow down and see a setback into black subwave 4. Support is at 75465 followed by 72k area from where we can expect more upside into wave 5 of 3 towards 83k.

btcusd elliott wave

Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.


Source link

Author

Shin John
Shin JohnYtv Market News
Share-market news writer and analyst with deep experience covering equities, commodities, forex, and cryptocurrencies for readers in the USA, UK, Canada, and Australia. Ytv Market News delivers timely market updates, practical trading insights, and clear explanations of macro and company-level catalysts that move prices. Combines on-the-ground financial reporting with technical analysis, using concise charts and actionable ideas to help investors and traders make smarter decisions.
See also  Bitcoin ETFs tear through 2026 outflows in seven-day hot streak