{"id":75724,"date":"2025-06-24T12:00:17","date_gmt":"2025-06-24T12:00:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=75724"},"modified":"2025-06-24T12:00:17","modified_gmt":"2025-06-24T12:00:17","slug":"bitcoin-elliott-wave-count-predicts-further-crash-to-94000-but-what-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=75724","title":{"rendered":"Bitcoin Elliott Wave Count Predicts Further Crash To $94,000, But What Next?"},"content":{"rendered":"

Bitcoin (BTC) has been facing significant volatility<\/a> and downward pressure lately. However, analysts warn that the downtrend may not be over<\/a> yet, as projections point to a deeper price crash toward $94,000 soon. According to Bitcoin\u2019s Elliott Wave count, the cryptocurrency is currently in a vulnerable phase that may trigger more losses, despite the market\u2019s efforts to rebound<\/a>. Still, the analyst notes that the next move after this projected crash could see Bitcoin potentially reversing upward to new levels.\u00a0<\/p>\n

Bitcoin Faces Epic Crash As Wave 2 Unfolds<\/h2>\n

Luca, a crypto analyst on X (formerly Twitter), has unveiled<\/a> a foreboding forecast for the Bitcoin price, warning that the flagship cryptocurrency could still be headed for more pain<\/a> in the short term. The analyst has outlined an Elliott Wave count for Bitcoin that suggests that the cryptocurrency has not bottomed<\/a> yet.\u00a0<\/p>\n

According to the 8-hour chart breakdown, Bitcoin is in the midst of completing a Wave 2 correction<\/a> within a broader bullish trend. The chart shows a five-wave corrective structure unfolding, with the final leg potentially leading to a price crash<\/a> toward the $94,000 support region. This level aligns with both the 0.382 Fibonacci Retracement and a key support zone.\u00a0<\/p>\n

While Luca reveals that some signs indicate that the correction might have bottomed already, the analyst maintains that one final push lower remains possible before Bitcoin\u2019s next bullish move<\/a>. The projected dip toward $94,000 is framed as the concluding move of the internal Wave (v) of Wave 2, creating what could be a textbook completion of a corrective cycle.\u00a0<\/p>\n

With the Bitcoin price currently sitting above the $100,000 psychological level<\/a> at $105,574, a decline to $94,000 would represent a massive blow to its slowly recovering value. Despite the possibility of an upcoming bullish move, this 11.3% decline from current prices could significantly slow down BTC\u2019s momentum, putting more strain on the already volatile market. Nevertheless, Luca suggests<\/a> that this decline could present a prime accumulation opportunity, indicating that now may be a favorable time to buy Bitcoin<\/a>.\u00a0<\/p>\n

Game-Changing Reversal With Wave 3 Push<\/h2>\n

Despite the potential for a further pullback, Luca\u2019s broader outlook for Bitcoin remains highly bullish. The Elliott Wave count<\/a> on the chart signals that BTC is preparing to exit Wave 2 and initiate Wave 3\u2014one of the most powerful phases in the five-wave structure. Once the projected correction to the $94,000 level concludes, Luca expects a strong reversal that could catapult the cryptocurrency to new ATHs<\/a>.\u00a0<\/p>\n

A large purple upward arrow on the chart visualizes the anticipated Wave 3 surge, pointing toward a possible target zone above $122,000. This projection is rooted in the technical and historical tendency for Wave 3 to be the steepest and most aggressive wave in the Elliott Wave cycle<\/a>. With Bitcoin still hovering near a high-confluence support zone, the stage appears set for a decisive rebound in the coming weeks, provided macro conditions don\u2019t shift dramatically. <\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) has been facing significant volatility and downward pressure lately. However, analysts warn that the downtrend may not be over yet, as projections point to a deeper price crash toward $94,000 soon. According to Bitcoin\u2019s Elliott Wave count, the cryptocurrency is currently in a vulnerable phase that may trigger more losses, despite the market\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":75725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75724"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75724"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/75725"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}