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BTC/USD | Price Still Consolidating, Determining Direction

On a macro level, the H4 structure remains within a Bullish Consolidation or Major Range-Bound pattern, with a local peak (Higher High) established around the 82,261.00 level. COINBASE:BTCUSD The gradual decline from that peak was met with a liquidity sweep (a downward wick penetration) into the gray Demand Zone box (76,000.00 – 77,500.00). -------------------------------------------------------------------------------------------------------------- ✅ Current Price Action: At the 77,394.05 price level, the latest H4 candle shows a solid bullish rejection structure (pinbar). Long lower wicks are visible on several preceding candles within the 76,200.00 – 76,500.00 range, confirming the presence of institutional buyers defending the floor and preventing a downside structural breakout. -------------------------------------------------------------------------------------------------------------- ✅ Key Zones: - ⚡Resistance / Supply Zone: 79,500.00 – 80,400.00 range (local SBR & HVN area) and 82,000.00 – 82,261.00 range (Major Supply Zone peak). - ⚡Support / Demand Zone: 76,000.00 – 77,500.00 range (Major Demand Zone acting as a rebound defense) and 72,000.00 – 72,800.00 range (historical Demand). -------------------------------------------------------------------------------------------------------------- ✅ Elliott Wave Analysis Mapping the wave cycle movements on the H4 timeframe: - ⚡Wave Structure: The vertical impulsive rally from the lower area to the 82,261.00 peak is calculated as an impulsive Wave 3 (or a macro Wave A). The gradual decline that swept the 76,200.00 floor is identified as the formation of Wave 4 (Corrective Wave), specifically an expanded flat or shallow pullback type. - ⚡Current Status: A rebound—marked by a lower wick off the 76,500.00 demand floor toward 77,394.05—confirms that the Wave 4 correction is projected to be complete. - ⚡Projection: Price action is projected to be entering the initial stage of the primary impulsive Wave 5 expansion, aiming to break through the 79,500.00 resistance level and target a test and breakout of the 82,261.00 peak. -------------------------------------------------------------------------------------------------------------- The primary bias for BTCUSD on the H4 timeframe—considering the overall structure and order flow—is BULLISH (Rebound Phase). Future price movement is projected to CONTINUE RISING, targeting the Supply Zone/Resistance area between 79,500.00 and 80,400.00, with the potential for further acceleration toward 82,261.00.

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Bitcoin Price Analysis: BTC Faces a Make-or-Break Week – What’s the Most Likely Scenario?

Bitcoin is consolidating around $77.3K after a powerful breakout from the $67K area. While the broader structure has improved significantly, BTC is now facing an important resistance cluster near $80K-$82K. Meanwhile, the latest Coinbase Premium reading suggests that US spot demand has yet to fully confirm the recent advance. Bitcoin Price Analysis: The Daily Chart […]

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