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Source, summary and reference
Bitcoin: Is the Bear Market About To Accelerate? Bitcoin remains under downside pressure and the market is approaching a very important technical area. In this video, we take a detailed look at the larger Elliott Wave structure, why the current rally still looks corrective, and what would confirm that a larger bearish phase is already underway. We also discuss: The importance of the 39K Fibonacci extension target Why B-waves are so difficult to forecast The key resistance level that currently keeps downside pressure alive The cycle analysis suggesting a potential market low later this year What a confirmed 5-wave decline would look like Key support and resistance levels for the weekend In addition, we go through the smaller timeframe structure and explain what needs to happen for the bulls to regain control. Timestamps: 00:00 Bitcoin Under Pressure Again 00:45 Middle East Rumors & Market Sentiment 01:18 Bear Market Thesis Explained 02:02 Why The 100% Fibonacci Extension Matters 03:10 Historical Bitcoin Examples 04:05 Why 39K Remains Important 04:42 Potential Start Of The C-Wave Decline 05:18 Why Bear Market Drops Become Aggressive 05:52 Could The B-Wave Still Extend Higher? 06:40 Elliott Wave Education & MCO Foundation 07:12 Larger Resistance Zone Explained 07:55 Could Bitcoin Still Rally Toward 95K-100K? 08:25 Time Cycles & Potential Market Top Timing 08:56 When Could The Bear Market End? 09:45 Short-Term Chart Setup Explained 10:22 Liquidity Sweep Or Larger Breakdown? 11:00 The Critical 78,236 Resistance Level 11:45 What Would Confirm A Major Top? 12:12 Key Weekend Support Levels 12:50 How A Wave 4 Correction Could Develop 13:35 What Bulls Need To Do Next 14:05 Final Thoughts & Weekend Outlook ----------------------------------------------------------------------------------------- π§Ώ MCO Global: π» https://www.mcoglobal.com/ βοΈ Join the FREE Newsletter: π https://mcoglobal.com/newsletter/ π§Ώ Join the More Crypto Online Community: π https://www.mcoglobal.com/memberships OR π https://www.youtube.com/channel/UCngIhBkikUe6e7tZTjpKK7Q/join OR π https://www.patreon.com/morecryptoonline π§Ώ Join the MCO Stocks & S&P500 Community: π https://www.patreon.com/moretradingonline ----------------------------------------------------------------------------------------- π§Ώ Social Media: π X / Twitter: https://x.com/Morecryptoonl π Instagram: https://www.instagram.com/morecryptoonline_official/ π All Links: https://linktr.ee/morecryptoonline βοΈ Contact: info@morecryptoonline.com ----------------------------------------------------------------------------------------- π§Ώ Exchanges & Brokers (Affiliate Links): π Trade on Bybit: https://partner.bybit.com/b/MCO π Trade on Bitget: https://partner.bitget.com/bg/MoreCryptoOnline π Trade with XTB β a global, regulated broker offering 7,100+ stocks and 1,400 ETFs π https://geolink.xtb.com/XjNyk (Please note: XTB services are not available to U.S. clients.) ----------------------------------------------------------------------------------------- π§Ώ Research & Tools (Affiliate Links): π Tradingview - Chart software Get a $15 discount on your first subscription: https://www.tradingview.com/?aff_id=108760 π Bitcoin Magazine Pro β On-chain data & research Get 20% off with code: 20MCO https://www.bitcoinmagazinepro.com π CoinTracking β Portfolio & tax tracking Get 10% lifetime discount with this link: https://cointracking.info/?ref=B776587 π Protect your cryptocurrencies with Trezor: https://bit.ly/morecryptoonline π Protect your cryptocurrencies with Ledger: https://shop.ledger.com/?r=0fb3c8be2e46 π Stay safe with NordVPN: https://go.nordvpn.net/SH4s0 ----------------------------------------------------------------------------------------- β οΈ Disclaimer The content provided on this channel is for informational and educational purposes only. It does not constitute financial advice, an offer or solicitation to buy or sell any financial instruments, or a financial service under applicable laws. All analyses and opinions expressed are strictly personal views. You are solely responsible for your own investment decisions and act at your own risk. Always consider your individual risk profile and, if necessary, consult with an independent financial advisor. Some of the links provided in this description may be affiliate links. If you choose to use them, MCO Global may receive a commission β at no additional cost to you. Thank you for supporting the channel. β οΈ Important: Affiliate links related to cryptocurrency exchanges are not available to residents of the United Kingdom, the United States, or any other restricted jurisdictions. Please check the laws and regulations that apply in your country before using such services. Other affiliate links (e.g. VPN, hardware wallets, software tools) are unaffected.
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