Bearish Wedge Analysis in BTC: Projection Toward Key Resistance

The bearish wedge in Bitcoin continues to be a key pattern for understanding upcoming price movements. From a structural perspective, this pattern suggests significant opportunities if certain technical scenarios are met.

The Bearish Wedge as a Continuation Pattern

In morphological analysis, the bearish wedge represents a correction within a main downtrend. It is characterized as a continuation pattern, meaning it is a temporary pullback that precedes a continuation of the primary movement. From an Elliott wave theory perspective, this structure completes what is known as a diagonal wave, which itself is a well-defined bearish pattern.

The fundamental question that arises is whether the level near 85 truly represents the bottom of this recent retracement. As long as this structure remains intact, there are technical reasons to project a bullish scenario.

Wave Perspective: Structural Breakdown

Analysis through Elliott waves complements our understanding of the bearish wedge. The formation suggests that, as long as the price does not fall below the 80 barrier, a breakout toward 94 points is anticipated. From that level, the movement could extend up to approximately 98, which would complete what is technically known as wave B of a larger retracement.

This projection is based on the premise that 80600 acts as the validated bottom of the large-scale wave A. If this structure fails with a breakdown below 80, then the validity of that historical level would be in question.

Breakout Scenarios and Critical Levels

The bullish scenario remains valid as long as the support level is maintained. An effective upward breakout from the current bearish wedge would open the door toward resistance at 94, potentially followed by 98. These levels are not arbitrary but are based on calculations derived from previous wave projections.

Conversely, a definitive fall below 80 would invalidate the current analysis, raising questions about whether 80600 was truly the bottom of wave A. This level serves as the inflection point that will determine the direction to follow in the upcoming sessions.