{"id":33982,"date":"2025-02-10T09:03:29","date_gmt":"2025-02-10T12:03:29","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2025\/02\/10\/bitcoin-btc-elliott-wave-analysis-descending-channel-breakout-expected\/"},"modified":"2025-02-10T09:03:29","modified_gmt":"2025-02-10T12:03:29","slug":"bitcoin-btc-elliott-wave-analysis-descending-channel-breakout-expected","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2025\/02\/10\/bitcoin-btc-elliott-wave-analysis-descending-channel-breakout-expected\/","title":{"rendered":"Bitcoin (BTC) Elliott Wave Analysis: Descending Channel Breakout Expected"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><span>The Fibonacci retracement levels highlight key support zones, with the 0.236 level at $93,260 and the 0.382 level at $85,512 acting as critical areas. A sustained hold above these levels would strongly confirm a higher low, supporting a bullish outlook.<\/span><\/p>\n<p><span>The Relative Strength Index (RSI) remains neutral, neither overbought nor oversold, suggesting indecision among traders. However, volume analysis indicates decreasing selling pressure, which could hint at accumulation before a breakout. The primary resistance remains near $106,000, a key pivot level that must be cleared for further upside momentum.<\/span><\/p>\n<p><span>Should Bitcoin fail to reclaim higher levels, deeper corrections could target the 0.5 Fibonacci retracement at $79,250 or even the 0.618 level at $72,988, which would signal an extended corrective phase before resuming its uptrend.<\/span><\/p>\n<h2 id=\"btc-price-prediction\u00a0\"><span>BTC Price Prediction\u00a0<\/span><\/h2>\n<p><span>Zooming into the 1-hour timeframe, Bitcoin appears to be forming the initial stages of a new five-wave impulsive sequence following its corrective Wave 4 bottom at $91,600 on Feb 3. The recent move from there to a high of $102,550 could be counted as sub-wave (i) of the developing larger Wave 5.<\/span><\/p>\n<figure id=\"attachment_1496633\" aria-describedby=\"caption-attachment-1496633\" class=\"wp-caption alignnone\"\/><\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The Fibonacci retracement levels highlight key support zones, with the 0.236 level at $93,260 and the 0.382 level at $85,512 acting as critical areas. A sustained hold above these levels would strongly confirm a higher low, supporting a bullish outlook. The Relative Strength Index (RSI) remains neutral, neither overbought nor oversold, suggesting indecision among traders. However, volume analysis indicates decreasing selling pressure, which could hint at accumulation before a breakout. The primary resistance remains near $106,000, a key pivot level that must be cleared for further upside momentum. Should Bitcoin fail to reclaim higher levels, deeper corrections could target the 0.5 Fibonacci retracement at $79,250 or even the 0.618 level at $72,988, which would signal an extended corrective phase before resuming its uptrend. BTC Price Prediction\u00a0 Zooming into the 1-hour timeframe, Bitcoin appears to be forming the initial stages of a new five-wave impulsive sequence following its corrective Wave 4 bottom at $91,600 on Feb 3. The recent move from there to a high of $102,550 could be counted as sub-wave (i) of the developing larger Wave 5. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":33983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-33982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/33982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=33982"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/33982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/33983"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=33982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=33982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=33982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}