We analyze Bitcoin using Elliott Wave to evaluate if the market is ready for a pullback after reaching the $70,500 critical invalidation level.
We perform a comprehensive Elliott Wave analysis on Bitcoin to determine the sustainability of current upside momentum. Our forecast focuses on the potential for a B wave or wave 2 pullback, which serves as a tactical setup rather than a directional bias. We examine key support and resistance zones to evaluate the validity of our current 1-2 setup and the conditions required to transition into a more bullish outlook.
0:00 Market Outlook
0:51 Is it too late
1:25 Elliott Wave structure
3:01 Big picture analysis
4:45 Daily chart view
6:04 Primary scenario
8:27 Pullback expectations
9:40 Smaller timeframe analysis
12:05 Alternative scenario
14:11 Onchain metrics
16:40 Tactical plan
23:42 Conclusion
The resistance zone has been adjusted lower due to the formation of a new local low.
Levels (as of 13 September 2026)
– Resistance: $77,756 to $79,100, relevance for short-term price pressure
– Invalidation: $70,500, if breached, it ends the current primary five wave count scenario and does not mean the trend immediately turns bearish
– Invalidation: $83,000, if breached, it ends the bearish ABC structure and does not mean a long-term bull market is confirmed
– On-chain level: $53,000, relevance for long-term holder cost basis
This description is a shortened overview of the video, not a standalone analysis. If anything here differs from the video or the chart, the video and the chart apply. Analyses are updated continuously and the latest video always reflects the current state. This is not investment advice.
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