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Crypto

Bitcoin – Weekly Analysis

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Bitcoin Open Articles Public Weekly
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Bitcoin has already explored what it feels like to be 35% off the top, and today we’ll examine whether the correction is ending or if there is more to unfold.

In this update, we revisit our mid-October assessment and see what, if anything, needs adjusting. As usual, we’ll read the candlespeak alongside key technicals and Elliott Waves to clarify the highest-probability path from here.

CANDLES

Two weeks ago we discussed the deadly 50/200 and 100/200 DMA crosses. Now they are history, and BTC continues exploring the downside with tremendous technical support for the bears. A few hours ago, BTC closed the week by forming Three Black Crows. If nothing changes, the 10D will also produce a similar formation, sharply escalating the bearish odds. The monthly has a strong chance of forming a bearish MACD cross. Bears remain firmly in control.

Elliott Waves

Last Wave

The red path is still on the table, but its probability is very low. The green path has been slightly adjusted.

The mid-term outlook I outlined in mid-October—after the possible completion of an ending diagonal—remains unchanged.

Mid Term – Ending Diagonal

As discussed in October, “broadly, Bitcoin (and crypto more generally) may be facing a substantial drawdown into late 2025, with the bear market potentially extending into 2026.” This evaluation still stands.

Happy Trading!

The most recent DXY weekly reports can be viewed here:
https://investingangles.com/category/currencies/usd/

All previous weekly and monthly analyses for gold are here:
https://investingangles.com/category/commodities/gold/

S&P 500 analyses: https://investingangles.com/category/us-indices/sp-500/

Bitcoin Open Articles Public Weekly
675
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