Eseandre Mordi
⬤ Bitcoin is capturing renewed trader interest as long-term technical patterns that previously marked major turning points come back into focus. A recently circulated chart maps Bitcoin's multi-year Elliott Wave structure against the 21-week exponential moving average, showing how earlier trend reversals played out within these cycles. Historical analysis shows that over the last five years, Bitcoin climbed at least 40% after each death cross formation, a data point that keeps shaping market conversations even though no fresh signal appears imminent right now.
⬤ The chart spotlights several major impulse phases, including the powerful rallies during 2020, 2021, and 2024, all marked through Elliott Wave counting. These upward moves gave way to corrective waves that dragged BTC back toward critical support levels. Current analysis suggests Bitcoin might be working through a wave four correction, with price hovering around the mid-90,000 zone on weekly charts. The visualization shows how previous upward cycles kicked off after comparable corrective patterns, particularly when BTC touched the 21-week EMA and built momentum from there.
⬤ Looking ahead, the analysis points to a possible A-B-C corrective sequence that could pull BTC into a wider target zone stretching roughly between 25,000 and 50,000 if a sharper pullback develops. This range appears on the chart as a hypothetical possibility rather than a locked-in forecast. Historically, Bitcoin has bounced back hard after prolonged downturns, and the reference to those past 40% post-death-cross surges highlights how the market keeps cycling back to familiar patterns. The pairing of Elliott Wave labels with long-term EMA behavior places the current price action within a broader multi-year trend framework.
⬤ This matters because Bitcoin keeps moving in cycles that shape overall market mood and how investors view risk. The fresh spotlight on historical behaviors like those 40% rallies following death cross signals helps traders make sense of potential trend changes, while the long-term wave structure lays out both bullish paths and corrective alternatives that could define expectations over the coming months.
Eseandre Mordi
