Bitcoin Price Analysis | Will BTC Bounce Higher or Crash?

Trade US Stocks on Bybit and join the Stock Earnings Season campaign: 👉 Campaign: https://www.bybit.com/StockEarningsSeason?affiliate_id=48006 Learn more about trading stocks on Bybit: https://www.bybit.com/en/learn/bybit-tradfi/xstocks-cfds-perpetuals-bybit Campaign ends: August 30, 2026. Please note: Registration is required to participate. Eligibility and availability depend on your jurisdiction. Terms and conditions apply (affiliate link). In this video I break down the latest Bitcoin price action and analyse why the current market structure remains trapped within a corrective range. I examine the ongoing B-wave pullback, key support and resistance levels, and what Elliott Wave theory suggests for the next potential move. You will learn how to identify the difference between a trend reversal and a countertrend bounce within a bear market. I walk you through the descending channel on both daily and smaller time frames to help you prepare for different scenarios, including potential further downside or a breakout toward higher resistance zones. Whether you are looking to understand market cycles or manage your risk, this analysis provides a clear look at the current technical landscape for Bitcoin. We cover everything from the 59K support area to the critical resistance levels needed to confirm a move higher. Timestamps: 0:00 - Market context and outlook 1:33 - Elliott Wave thesis 2:47 - Support and B-wave levels 4:45 - Current range analysis 6:40 - Small time frame view 9:17 - Breakout and pivot levels ----------------------------------------------------------------------------------------- 🧿 MCO Global: 💻 https://www.mcoglobal.com/ ✉️ Join the FREE Newsletter: 👉 https://mcoglobal.com/newsletter/ 🧿 Join the More Crypto Online Community: 👉 https://www.mcoglobal.com/memberships OR 👉 https://www.youtube.com/channel/UCngIhBkikUe6e7tZTjpKK7Q/join OR 👉 https://www.patreon.com/morecryptoonline 🧿 Join the MCO Stocks & S&P500 Community: 👉 https

Added 30 Jul 2026