GBTC is hinting a major bottom soon on BTC!

Dec 11, 2025

GBTC
– Elliott Wave Update (1H Chart)
The decline from the Wave B high continues to follow a clean 5-wave impulse. Current price action suggests we are inside Wave (iv) before the final flush.

🧩 Structure so far:

🔻 Wave (i)
• Initial sharp drop
• Set the tone for the entire downtrend

🔻 Wave (ii)
• Reactive bounce into the mid-channel
• Perfect retracement behaviour for an impulse

🔻 Wave (iii)
• Long, persistent decline
• Strongest momentum segment
• Clean subdivisions visible on lower timeframes

🔵 Wave (iv) now forming:
• Grinding upward inside the corrective channel
• Should remain below upper channel resistance
• Likely forming a flat / zigzag corrective before rollover

🔻 Wave (v) expected next:
• Final leg down to complete C
• Target = lower channel + 60–62 region
• Completion of the larger corrective cycle

🟢 After Wave C completes:
• Expect a medium-term trend reversal
• First target = reclaiming broken channel lines
• Bigger target = recovery toward prior structure above 90+

📌 Summary:
Wave (iv) = corrective bounce.
Wave (v) = final drop → then macro reversal likely. ⚡

I am overall bullish on BTC after this drop. Please check my
BTC update here.

Jan 31

Trade closed: target reached