Bitcoin Price Analysis | 5 Waves Up to 72K?

In this video I break down the latest Bitcoin price action to determine if the recent market movement confirms a bullish reversal or a continuation of the broader bear market structure. By applying Elliott Wave analysis to the daily and lower time frames, I evaluate the validity of the current move from the August low and identify the critical technical levels that will dictate the next major trend. I examine the potential for a five-wave impulse to the upside and how this structure aligns with our previously established resistance zones. We cover essential support and resistance levels, the significance of the recent break above the corrective price channel, and why the 69,000 to 72,000 dollar range remains a primary target if the bullish scenario plays out. You will also learn how to navigate mixed signals between seasonality and market structure to maintain a disciplined approach. Whether you are monitoring Bitcoin for a potential breakout or seeking confirmation of a wave two pullback, this analysis provides the technical context needed to understand current price developments. I also discuss the importance of monitoring the reaction around the 65,800 dollar resistance and how to interpret the unfolding five-wave movement for your trading strategy. Timestamps: 0:00 - Market decision point 1:02 - Bear market structure 3:32 - Support and resistance 4:45 - Short term analysis ----------------------------------------------------------------------------------------- 🧿 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://www.patreon.com/moretradingonline ----------------------------------------------------------------------------------------- 🧿 Social M