Bitcoin Price Crash To $57,000: The Bullish Path | Crypto News
Bitcoin’s latest recovery above $94,000 raises up the query of whether or not it’s the next leg for the continuation of a bull cycle or the ultimate rally before a deeper reset. However, an attention-grabbing technical outlook shared on TradingView by crypto analyst Xanrox suggests the bullish path many merchants are watching might finally end decrease than anticipated, even if price strength is strong in the close to time period.
Elliott Wave Setup Leaves Room For One More Push Higher
Technical analysis of Bitcoin’s price motion on the weekly candlestick timeframe chart exhibits the cryptocurrency has accomplished a five-impulse wave that goes as far back as early 2023. This impulse wave rely ended with Bitcoin’s peak above $126,000 in October 2025 and the cryptocurrency is now taking part in out corrective waves ABC.
Based on the Elliott Wave idea, Xanrox famous that Bitcoin could already have accomplished a sharp decline from a projected 2025 peak close to $125,000 down to the low-$80,000 vary, labeling that transfer as a corrective wave A. The price motion is now seen as being in a bullish counter-trend part, generally referred to as wave (B) or (X), which is thought to retrace a portion of the prior decline before rolling over.
In this situation, Bitcoin might still advance to as high as the $100,000 to $103,000 vary over the approaching weeks or months and even encourage a transient rotation into altcoins during the advance. That upside, however, is corrective and not impulsive, and the next transfer is a bigger transfer decrease once the construction is full.
Bitcoin Weekly Candlestick. Source: TradingView
Long-Term Structure Points To A Painful Reset Window
Xanrox’s analysis locations Bitcoin within a long-term linear construction stretching from 2017 into 2026, highlighting how earlier market cycles ended with deep corrections after euphoric peaks. The analysis makes use of the 2018 and 2022 drawdowns, which erased more than three-quarters of Bitcoin’s worth each time, as anchors for what might unfold next for the main cryptocurrency.
According to this framework, the next major corrective part is projected to play out in 2026, when Bitcoin might fall into the sub-$60,000 area, with $57,000 as the most important space of curiosity where the correction would possibly end. The $57,000 price correction goal is based on the situation of the 0.618 Fibonacci retracement when projected from the latest 2025 peak and goes to be just above the 200-week transferring average.
The projected transfer would still signify a correction of roughly 54% from the 2025 high if this really seems to be the cycle peak. However, it’s important to observe that the presence of Spot Bitcoin ETFs introduces a stabilizing power in contrast to earlier cycles in 2018 and 2022, and so any high correction would possibly discover a strong assist stage before falling as low as $57,000.
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