Bitcoin blunders or breakthrough? – Wave-C’s final leg unfolding

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2025-03-19 18:36:00

In our, Bitcoin struggled to hold, staying in thefor most of—except for a sharp breakdown in the final week. On, ourwithin a, setting the stage for a. Bitcoin tumbled to a, markingof anof thethat began from the.

Understanding the irregular structure: What’s next?

Wave-B’s fake breakout (109K – January 20, 2025)

Bitcoin trapped bulls with a new high at 109K, slightly exceeding the structure’s starting point.
Post 109K, Wave-C turned messy, unfolding in choppy Wave 1 moves before the final wedge formation.

Wave-3’s Sharp Drop (February 21, 2025, – 78K Low)

Bitcoin slipped furiously in Wave-3 of the wedge during the last week of February 2025.
Now, with March nearing its end, a similar market behavior may unfold, leading to the final Wave-5 decline.

Wave-5 breakdown: Will Bitcoin slip to 75K or 70K?

Wave-C is an ending diagonal (Wedge Formation)
- We previously labeled this as a WXY, but it’s now clear the structure follows an A-B-C formation with a 3-3-5 pattern.
- Wave-5, the last leg of the wedge, is about to unfold.
Potential Drop to 75K–70K Before a Bullish Reversal
- Wave-3 in February 2025 saw aggressive selling.
- If Wave-5 follows similar intensity, Bitcoin could slip further toward the 75K–70K zone, where bulls might return with strong support.

Trading strategy & key levels

Bearish Case (Wave-5 Downside)

If Bitcoin breaks below 81K, a thrust move lower could send it toward 75K–70K.
This could mark the final sell-off before a reversal.

Bullish Case (Rebound After Wave-5 Completion)

Watch for bullish signals in the 75K–70K range as the wedge completes.
A reversal here could kickstart a massive upside rally, confirming the end of the corrective phase. In that case , we have
Extreme Bullish Behaviour & Bitcoin can retest 109K Highs where the wedge pattern started downside