Wave Count Analysis for BTC
2025-02-01
Category: None



Primary Impulse (Green): A clear 5-wave structure aligns with Elliott Wave principles, with wave 3 being the strongest. Wave 4 respects typical corrective behavior, staying within the channel.

Correction (Red): The ABC correction indicates a retracement phase, with wave B retracing but failing to break new highs, suggesting market consolidation.

Projection: Post-ABC correction, the chart suggests a continuation into a new bullish impulse wave, targeting higher levels around the 114k zone.


This wave count reflects a bullish scenario, but key support zones around 102k-108k need to hold for validation.


