Man of Bitcoin

$BTC price has reached my support area for a potential wave-2 low. There’s still a possibility we see a larger ABC correction before wave-3 begins. A break above $77,878 would confirm that wave-3 is already underway.

$BTC: The price reversed to the downside from our ideal zone for a local top. I have defined a support area for a potential 1-2 setup. Support is between $76,431 - $74,943.

$BTC price came back into our wave-(4) support region and held support. We can now observe a clear 5-wave pattern, which is the first degree confirmation that the price has formed a low. It has already reached the 50% Fib level. Next target: $78,042.

$BTC held support above $75,811. If the price remains above the last swing low, ideally the price reaches $91,000+.

$BTC breaks above descending trendline, early sign momentum may be shifting. Price structure hints at a possible 5-wave move, but still unconfirmed. Key level: $74,163. Holding above it strengthens bullish reversal case.

$BTC: So far, this looks like only a 3-wave move on the micro level. A decisive break above the descending trendline, followed by a clean 5-wave impulsive move higher, would be the first signal that the trend is shifting back to the upside.

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$BTC price has broken below the key level to keep the direct roadmap to the upside alive. A deeper retracement appears likely at this stage. Support is between $73,357 - $68,433.

$BTC: It is a quiet week so far, with price continuing to move sideways. The key level to keep the orange roadmap intact remains $74,917. A break above $78,601 would be the first sign that the bulls are starting to regain control.

$BTC: Bulls are trying to keep the orange roadmap intact. The next objective is a break above $78,600. So far, the upside move still looks corrective rather than impulsive, which makes it hard to trust.

$BTC: As long as BTC remains below $78,600, downside pressure remains strong.

$BTC price is attempting to reverse higher from our support region. The key level to maintain the orange roadmap remains $74,917. A breakout above $78,600 would be the first indication that bulls are regaining control.

$BTC: The reaction from the 78.6% Fib retracement remains weak, suggesting another move lower is still likely. Key support sits at $74,917. A breakdown below this level would likely open the door for a move into the orange support zone.

$BTC is retesting the W-pattern breakout from above. If this level holds as support, the next leg could send price toward $90K+.

$ETH: While $BTC is still trading within its channel, $ETH has already broken below it, suggesting relative weakness in this chart. That said, as long as price remains above $1,947, the broader trend still favors the upside.

$BTC: As you can see, price is respecting the Fibonacci levels on the downside. The current move still appears corrective, suggesting a potential continuation to the upside. Key level to watch: $74,917.

$BTC: The reaction from the 61.8% Fib retracement level remains weak, suggesting another leg lower is likely at this stage. Ideally, price holds above $74,917 to keep the orange roadmap intact. A break below this level would indicate that price has opted for a deeper pullback.

$BTC (weekly chart) The 50-week MA is currently located at $85,547. As long as the Stochastic RSI remains above the 80 level, bullish momentum should remain intact, keeping $85k+ as the next upside target.

$BTC (two week chart) Indicator: Stochastic RSI The price has reached my first target, the 100% Fib extension at $82,477. However, Stochastic RSI still suggests bullish momentum remains intact, indicating there may be room for further upside before momentum exhaustion sets in.

$BTC price has reached the 61.8% Fib retracement level in wave-y of (2). The price should remain above $74,917 to keep the orange roadmap intact.