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Bitcoin holds bullish Elliott wave structure after June 25 low
The technical count cites a key near term pivot at $62,218.2, which it says must hold to support further upside toward completion of wave (v).
Action Forex said its short term Elliott Wave view for BTCUSD points to a significant bottom set on June 25, 2026.
From that low, the analysis describes an impulsive sequence, with wave 1 topping at $66,990 and a corrective wave 2 pulling back to $62,214.75, followed by renewed upward momentum.
On the one hour chart, it projects additional internal subdivisions, including wave (iii) pushing to $70,089 before a decline in wave (iv) that ended at $67,993.4.
The outlook says price is now working toward the completion of wave (v) within wave ((iii)), with $62,218.2 identified as the critical pivot, arguing that if it holds, corrections should find support and the broader rally can resume.
Latest closeBitcoin $84,310.25 ▼0.1%