January 28, 2026

BTUSD in the end of daily correction

BTUSD in the end of daily correction

BTUSD in the end of daily correction

BTUSD in the end of daily correction

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
Reza-Fakhriyan


BTUSD in the end of daily correction

BTUSD, after the strong uptrend with target 64000, it is corrected and again attack to 69000.
we expect the correction has been finished. It seams BTUSD is in D-leg from triangle in 4th correction wave.
because the second wave has a high-depth, 4th wave cannot be a high-depth correction based on elliott wave ruls.
Although based on price action ruls, we are in weak doube bottom, but the supprt lines are 32000 and 22000 (very strongly support line)

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