$BTC BTC has bounced from the 78.6% Fibonacci retracement level, showing a strong reaction from buyers.
The next major resistance zone — where a potential Wave 2 top could form — lies between $71,555 and $74,072.
As long as Bitcoin remains below $75,967, the current Elliott Wave roadmap (yellow count) stays valid.
A break above $75,967 would invalidate this wave structure and signal a possible shift into a stronger bullish continuation.
✔ Simpler Explanation
78.6% Fibonacci Level:
BTC dropped to this key support level and buyers stepped in, pushing the price upward.
Wave 2 Resistance Zone ($71,555–$74,072):
This is the area where BTC may complete Wave 2 and potentially reverse downward again.
Key Invalid level — $75,967:
If BTC goes above this price, the current Elliott Wave prediction becomes invalid, meaning a stronger bullish move may start.