Eseandre Mordi
⬤ Bitcoin keeps rising as the price action turns into what looks like the third leg of a three step climb. BTC now retests last week's peaks after it punched through a major ceiling, which strengthens trust in the bullish case laid out in recent technical notes. Momentum has clearly sped up - Bitcoin has reached the upper part of the chart after it shed the flat drift that held it for days.
⬤ The chart draws two rival tracks with Elliott Wave labels. The orange track says the current push might still belong to a rebound labeled wave B. The blue track says more gains lie ahead. Bitcoin's push above nearby resistance tilts probability toward the blue track. Price sits near $93 600. If the third leg extends, Fibonacci levels at $96 872 and $100 207 act as next goals. The market has turned from choppy sideways trade into a move that points in one direction.
⬤ Support down near $85 900 to $89 000 served as the launch pad for the bounce. Bitcoin has stepped through multiple ceilings between $91 100 and $92 900 as it heads toward the upper edge of the projected pattern. The climb breaks away from the dead price action that ruled earlier sessions.
⬤ What follows carries weight. If Bitcoin revisits the weekly high and stays there, mood for the next days will lean bullish. Which track wins depends on how price meets the next group of resistance levels. Sustained strength backs the bullish wave count. A stall near those technical zones would signal that the move remains a rebound rather than the start of a larger advance.
Eseandre Mordi
