Bitcoin: Major Wave-3 Decline May Be Developing
Bitcoin’s weekly structure is signaling that the market may be entering one of the most important phases of the current bearish cycle.
Following the completion of a major Terminal pattern near the previous high, price entered a powerful decline labeled Wave-1. That initial selloff was followed by a corrective recovery into Wave-2, which appears to have completed around the recent local high.
The key focus now is Wave-3.
If the current wave interpretation remains valid, Wave-3 should become substantially more aggressive than the preceding decline. The developing structure suggests Bitcoin could break below the major $50,000 psychological level before this wave is complete.
After Wave-3, a temporary Wave-4 recovery could develop and potentially last several weeks or even months. However, that rebound would not necessarily confirm a new bull market. A final Wave-5 decline could follow, with the larger bearish structure potentially pushing Bitcoin below $40,000.
The critical sequence to watch is:
Terminal Top → Wave-1 Decline → Wave-2 Recovery → Wave-3 Selloff → Wave-4 Rally → Wave-5 Final Decline
This remains a technical scenario, not a certainty. Price behavior and structural confirmation should determine whether the bearish wave count remains valid.
$BTC
#bitcoin
Bitcoin’s weekly structure is signaling that the market may be entering one of the most important phases of the current bearish cycle.
Following the completion of a major Terminal pattern near the previous high, price entered a powerful decline labeled Wave-1. That initial selloff was followed by a corrective recovery into Wave-2, which appears to have completed around the recent local high.
The key focus now is Wave-3.
If the current wave interpretation remains valid, Wave-3 should become substantially more aggressive than the preceding decline. The developing structure suggests Bitcoin could break below the major $50,000 psychological level before this wave is complete.
After Wave-3, a temporary Wave-4 recovery could develop and potentially last several weeks or even months. However, that rebound would not necessarily confirm a new bull market. A final Wave-5 decline could follow, with the larger bearish structure potentially pushing Bitcoin below $40,000.
The critical sequence to watch is:
Terminal Top → Wave-1 Decline → Wave-2 Recovery → Wave-3 Selloff → Wave-4 Rally → Wave-5 Final Decline
This remains a technical scenario, not a certainty. Price behavior and structural confirmation should determine whether the bearish wave count remains valid.
$BTC
#bitcoin