{"id":37024,"date":"2025-02-28T09:56:04","date_gmt":"2025-02-28T12:56:04","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2025\/02\/28\/bitcoin-btc-elliott-wave-analysis-price-down-22-in-february-long-lasting-correction-might-be-over\/"},"modified":"2025-02-28T09:56:04","modified_gmt":"2025-02-28T12:56:04","slug":"bitcoin-btc-elliott-wave-analysis-price-down-22-in-february-long-lasting-correction-might-be-over","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2025\/02\/28\/bitcoin-btc-elliott-wave-analysis-price-down-22-in-february-long-lasting-correction-might-be-over\/","title":{"rendered":"Bitcoin (BTC) Elliott Wave Analysis: Price Down 22% In February \u2014 Long-Lasting Correction Might Be Over"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div><figcaption id=\"caption-attachment-1500967\" class=\"wp-caption-text\">BTC\/USD 1h chart<\/figcaption><p><span>If this marks the end of the correction, a five-wave impulse should develop in the coming sessions, confirming bullish momentum.<\/span><\/p>\n<p><span>A preliminary relief rally could push BTC toward the 0.382 Fibonacci retracement at $85,848, serving as the first test of resistance. A sustained move above this level would set the stage for a retest of the 0.236 Fibonacci level at $93,676.\u00a0<\/span><\/p>\n<p><span>Breaking through this zone would indicate a full trend reversal, with BTC potentially reclaiming the $100,000 psychological threshold.<\/span><\/p>\n<p><span>However, failure to establish a higher low above $79,000 would leave BTC vulnerable to deeper losses, potentially targeting $73,196 (0.618 retracement). A confirmed drop below this level would invalidate the bullish wave count, suggesting a prolonged corrective phase.<\/span><\/p>\n<p><span>The RSI on the 1-hour chart shows the first signs of bullish divergence, hinting at a possible local bottom. If momentum builds, BTC could begin an impulsive Wave 5 targeting new highs, aligning with Fibonacci extension levels at $102,245 and $109,211.<\/span><\/p>\n<h3 id=\"key-levels-to-watch\"><span>Key Levels to Watch<\/span><\/h3>\n<ul>\n<li><span>Immediate Resistance: $85,848 (0.382 Fibonacci retracement)<\/span><\/li>\n<li><span>Key Resistance: $93,676 (0.236 Fibonacci retracement)<\/span><\/li>\n<li><span>Major Resistance: $102,245 (0.5 Fibonacci retracement)<\/span><\/li>\n<li><span>Immediate Support: $79,000 (recent low)<\/span><\/li>\n<li><span>Critical Support: $73,196 (0.618 Fibonacci retracement)<\/span><\/li>\n<li><span>Bullish Breakout Target: $109,211 (1.0 Fibonacci extension)<\/span><\/li>\n<li><span>Invalidation Zone: Below $73,196<\/span><\/li>\n<\/ul>\n<\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] BTC\/USD 1h chartIf this marks the end of the correction, a five-wave impulse should develop in the coming sessions, confirming bullish momentum. A preliminary relief rally could push BTC toward the 0.382 Fibonacci retracement at $85,848, serving as the first test of resistance. A sustained move above this level would set the stage for a retest of the 0.236 Fibonacci level at $93,676.\u00a0 Breaking through this zone would indicate a full trend reversal, with BTC potentially reclaiming the $100,000 psychological threshold. However, failure to establish a higher low above $79,000 would leave BTC vulnerable to deeper losses, potentially targeting $73,196 (0.618 retracement). A confirmed drop below this level would invalidate the bullish wave count, suggesting a prolonged corrective phase. The RSI on the 1-hour chart shows the first signs of bullish divergence, hinting at a possible local bottom. If momentum builds, BTC could begin an impulsive Wave 5 targeting new highs, aligning with Fibonacci extension levels at $102,245 and $109,211. Key Levels to Watch Immediate Resistance: $85,848 (0.382 Fibonacci retracement) Key Resistance: $93,676 (0.236 Fibonacci retracement) Major Resistance: $102,245 (0.5 Fibonacci retracement) Immediate Support: $79,000 (recent low) Critical Support: $73,196 (0.618 Fibonacci retracement) Bullish Breakout Target: $109,211 (1.0 Fibonacci extension) Invalidation Zone: Below $73,196 [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":37025,"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-37024","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\/37024","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=37024"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/37024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/37025"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=37024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=37024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=37024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}