Bitcoin Elliott Wave Analysis & Price Update (BTC/USD). In this video, I break down Bitcoin on the Daily and 4hr charts using Elliott Wave Theory. You’ll discover both bullish and bearish scenarios, plus the critical price levels and targets to watch. Video by Koenz Trading.
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As of the morning of December 29, 2025, the live price for Bitcoin (BTC) is approximately $87,886 (from a previous close). Elliott Wave analyses for today indicate a potential for further near-term downside correction towards the $80,000 to $84,000 range, as the current market movement may be part of a larger corrective phase (Wave IV).
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Key Insights from Elliott Wave Analysis
-Bearish Short-Term Outlook: Multiple analyses suggest that the rally from November 2025 lows shows "corrective qualities," implying the potential for a downtrend resumption. Some analysts anticipate a potential drop toward the $80,000 area or even lower in an impulsive wave.
-Correction Phase: According to some Elliott Wave experts, BTC may have completed a five-wave rally earlier in 2025 at around $126,000, and the current price action is the beginning of a longer, three-stage correction (A-B-C) that could last into mid-2026.
-Key Support Levels: The primary price zones to monitor for potential support on the way down include $84,000, $70,000, and $58,000.
-Bullish Long-Term Potential: Despite short-term risks, the long-term outlook remains bullish for many analysts, with some projecting a potential target of $140,000 by the end of 2025 or even higher in 2026 as part of a larger bullish cycle.
-Invalidation Level: A sustained break above the $95,000 - $100,000 resistance zone would challenge the current bearish short-term view.
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