Hello traders. In this technical article we’re going to look at the Elliott Wave charts of Bitcoin BTCUSD published in members area of the website. BTCUSD has recently given us a 3 waves recovery that found sellers as expected. In this discussion, we’ll break down the Elliott Wave forecast and present the target area.
BTCUSD Elliott Wave 1 Hour Chart 11.10.2025
BTCUSD ended a 5-wave decline in the cycle from the 116.323 peak. Currently, the crypto is showing a recovery against that peak — wave 4 red. As our members know, we determine the potential ending point of a correction by measuring the equal legs area. In this case, we measure the 1.00–1.618 Fibonacci extension of waves ((w))–((x)). The reversal area (sellers’ zone) comes at 104.942–108.471. The price is already within the sellers’ zone, and we anticipate another leg down from this area or at least a 3-wave pullback.
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BTCUSD Elliott Wave 1 Hour Chart 11.12.2025
The crypto ended wave 4 within the mentioned area, and we got a decent decline as expected. Ideally, the price should break below the previous low – wave 3 red – to confirm that wave 5 is in progress toward the 96,962–93,704 area. Keep in mind, we don’t recommend selling Bitcoin. The overall trend remains bullish according to higher time frames, and we will treat any pullback as a potential buying opportunity. For trading setups, please follow our Live Trading Room
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Source: https://elliottwave-forecast.com/trading/btcusd-elliott-wave-analysis/