Bitcoin Price Forecast: Elliott Wave Analysis for Bullish & Bearish BTC Scenarios
Bitcoin Price Elliott Wave Analysis: Bullish & Bearish BTC Scenarios Explained | February 18, 2025
This video provides an in-depth Bitcoin price analysis, using Elliott Wave theory to explore bullish and bearish BTC scenarios. The presenter breaks down key support and resistance levels, potential Bitcoin price predictions, and market trends.
Key Insights on Bitcoin Price Movement
Current Bitcoin Market Trends
The video starts with a breakdown of Bitcoin’s price action, noting that BTC has not formed a lower low. The analysis highlights the importance of short-term bullish and bearish patterns, providing insights into Bitcoin’s potential breakout levels.
Bullish Bitcoin Price Forecast
In a bullish BTC scenario, Bitcoin could see a strong upward trend if it maintains support above $93,640. The analysis suggests a five-wave Elliott Wave structure, potentially pushing Bitcoin’s price towards $125,000.
Key Support and Resistance Levels
- Support Zones: $93,640 - $95,470
- Major Resistance: $98,500
- Higher Targets: $108,400 and $125,600
A price move above $98,500 could confirm a breakout, indicating further upside potential for BTC.
Bearish Bitcoin Price Scenario
If Bitcoin breaks below $93,640, it could trigger a bearish trend, pushing the price towards $91,000, $89,000, or even $82,000. The analysis warns that failing key support levels may lead to a larger market correction.
Market Outlook: Bullish or Bearish?
Despite potential downside risks, the analysis leans towards a bullish Bitcoin price prediction, expecting new all-time highs even if short-term pullbacks occur.
Conclusion: What’s Next for Bitcoin?
This Bitcoin Elliott Wave price update provides valuable insights into BTC price predictions, helping traders and investors navigate market trends. Whether bullish or bearish, understanding key Bitcoin technical analysis indicators can help anticipate future price movements.
