🚨 BTC follows exactly as predicted: enters the 5th wave of Elliott

As I had already warned on August 24, BTC has been faithfully respecting the pattern of Elliott Waves within a bearish scenario. The movement followed the disclosed projection, only with small variations in price levels:

  • The 3rd wave, which projected a target of $107,550, ended a little above, at $108,700.

  • The 4th wave rose a little more than expected and encountered resistance at $113,370.

Now, BTC is starting the 5th wave of decline, with a target of $102,000 by September 2, maintaining the same initial projection.

Bitcoin Correction Scenario with Elliott Waves

📉 Elliott Projection on BTC (Updated Bearish Scenario)

  • Start: 124,400

  • Wave 1: 111,700

  • Wave 2: 117,300

  • Wave 3: 108,700

  • Wave 4: 113,370

  • Wave 5: 102,000 (TARGET by 09/02)

👉 The loss of support at $111,700 and subsequently at $110,000 reinforced the bearish scenario, validating the expectation that the market is heading to seek liquidity in the range of $102,000.

👉 I had already warned since August 24 that losing support at $111,700 would be decisive to confirm entry into the 3rd wave of Elliott — below is the chart

📊 The risk of new declines remains high, as selling pressure continues to dominate after the historical high at $124,474. The structure remains within the classic cycle of Elliott Waves, and the conclusion of the 5th wave may mark the final point of correction before a possible recovery in September.

📅 Seasonality: historically, BTC tends to correct in August until the beginning of September before resuming buying strength, which reinforces the expectation of a reversal after the target at $102,000.


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