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. Bitcoin (BTC) price up to USD 74,000 He left the traders Speculation Did the cryptocurrency finally hit the bottom. However, the CMT certified analyst suggests that the Bitcoin price correction is far from the end. He has anticipated Even deeper withdrawal to 38,000 to USD 42,000, which identifies as the final bottom of the Bitcoin price.
In detail Analysis of charts based on Elliott waveTony Tony Severino certified technical analyst presents classics Impulsive structure 5-Fali It seems that it has finished its last leg near $ 85,000. Severino analysis emphasizes this The last decrease in bitcoin Up to 74,000 USD is only the beginning of the wider ABC repair pattern, potentially bringing cryptocurrency to the bottom in the range of $ 38,000 – 42,000.
Up-to-date bitcoin price
In the 5-wave Bitcoin impulse structure, the wave 1 began with the low bear market, and then Wave 2, correcting withdrawal. Wave 3 meant the strongest upward movement, divided into five smaller waves (and to V). After the market stopped briefly for retreating in Wave 4, Wave 5 began with a final push towards the top of nearly $ 85,000.
On the upper wave of 5, Bitcoin’s ABC repair structure It started, marked with a red line on the chart. According to the cryptocurrency analyst, it currently ends the wave of this correction pattern, which has the highest level of 62,000 – USD 65,000 by June 2025. This price range coincides from the previous main correction zone around Wave 4, which is the common goal of Wave a Recracje.
In particular, a bigger problem arises Possible Bitcoin failure up to $ 65,000 – $ 62,000. The analyst provides for a compact -term reflection in the B wave, and then a more pronounced decrease in the C. The final bottom goal From USD 38,000 to 42,000 to April 2026. This withdrawal purpose is additionally consistent with the IV Wave 3, which often serves as a key zone of re -withdrawal during market corrections.
Severino confirmed through his technical analysis that the market is now in Bear phase. Its price chart contains cyclical time models, marking a full market cycle characterized Bull Market Peak in 2025, and then bears stretching to mid -20126. This timeline is in line with typical bitcoin Four -year cycle by halfWhere the market reaches the peak of a year after a heart attack half before entering the bear phase.
Death flag analyst cross on the BTC chart
According to Reports From Barchart to X, Bitcoin has just created Death Cross in the price chart For the first time since September 2024, the Death Cross takes place when 50 movable medium (MA) is exceeded below 200 mA.
This clear chart pattern is often considered bear, which indicates that a potential inheritance factor can occur on the horizon. Considering that the price of Bitcoin dropped to 78,900 USD during the press, the appearance of the death cross indicates the possibility Further division and consolidation.
A distinguished picture from Unsplash, tradingview.com chart
