Bitcoin's pullback could extend further before the next leg up kicks in. The key target sits at the 100% Fibonacci retracement around $86,096. If BTC holds below this level, we might see another dip. But here's the thing—once it breaks above $90,354, that's when wave-3 likely takes over and pushes prices higher. The chart suggests this consolidation phase should resolve soon.
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RealYieldWizard
· 3h ago
It's Fibonacci again, and Elliott Wave Theory, acting like it's the real deal.
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ChainWatcher
· 3h ago
Is 86k really that important? I think this move is just a shakeout; only when 90k breaks will it truly take off.
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LiquidityHunter
· 3h ago
How is this point at 86096 calculated? Has it been disturbed again by liquidity gaps from some unknown exchanges? I scanned the DEX data early this morning, and the price differences of a few trading pairs are a bit outrageous. After breaking through 90354, can it really enter the third wave? I still feel there’s an unfilled arbitrage space with a pullback in the middle...
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fork_in_the_road
· 4h ago
It's the same old Fibonacci sequence again; the probability of a feint feels even higher.
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GweiWatcher
· 4h ago
Wave theory again? 86K is the bottom line, breaking through 90K will take off, just listen and see.
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AirdropDreamer
· 4h ago
86k is really a hurdle; only if you can hold it will there be hope.
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DecentralizedElder
· 4h ago
Here we go again with the Fibonacci method... Honestly, it's just gambling.
Bitcoin's pullback could extend further before the next leg up kicks in. The key target sits at the 100% Fibonacci retracement around $86,096. If BTC holds below this level, we might see another dip. But here's the thing—once it breaks above $90,354, that's when wave-3 likely takes over and pushes prices higher. The chart suggests this consolidation phase should resolve soon.