Bitcoin ABC Correction: Wave C Targets $105K or $108K - Here’s What Comes Next

Bitcoin's ABC correction pattern is setting up for a massive Wave C surge—targeting either $105,000 or $108,000.

Wave Theory in Action

Analysts are tracking Bitcoin’s recent pullback as a classic ABC corrective pattern. Wave A marked the initial decline, Wave B offered a deceptive rebound, and now Wave C is poised to drive toward one of two key resistance levels: $105,000 or $108,000.

Timing the Move

Timing remains critical. If historical patterns hold, this final wave could unfold rapidly—catching slow-moving institutional portfolios off guard, as usual.

Why These Targets Matter

$105,000 represents a major psychological and technical barrier. A clean break above could trigger accelerated buying. The $108,000 level, though, is where things get interesting—it’s the next major resistance and a potential launchpad toward new all-time highs.

Of course, in crypto, even the most elegant chart patterns can get wrecked by a single Elon tweet—so maybe don’t bet the farm just yet.

, which is a 10% drop from the peak of Wave B. This aligns well with the length of Wave A, another ~10% drop. For context — in Elliott Wave Theory, Wave C typically is equal in length to Wave A.

The confluence here is astounding as the $105,000 target fulfills these factors:

• Wave A confluence.
• Point of Control since April 2025 (Start of 5-wave rally).
• Anchored vWAP Support since April 2025.

However, there’s now a new scenario to be aware of: a bounce at the $107,000 to $108,000 zone. This is the 61.8% Fibonacci retracement of June to mid-August’s uptrend, which aligns with a high volume node.

Order FLOW insight tools such as Bookmap also show a cluster at $108,000 with more volume than at the $105,000 zone, validating this as a potential reversal zone.

Source: Bitcoin (Binance) Bookmap

Invalidation of this idea

We are trading below $110K, but if the, it suggests the market only staged a liquidity grab rather than a clean Wave C continuation. In Elliott Wave terms, this WOULD lean toward an ABC flat correction rather than a zigzag.

A further close above $112K would add strong confirmation, signalling that the downside break was corrective and not impulsive.

To strengthen this invalidation, watch for momentum flip (RSI/MACD divergence or strong volume thrust). Without these, a single close above $110K could still be noise, but with them, the case for the flat correction becomes much more convincing.

Closing thoughts

Bitcoin has shown its hand over the weekends, telling traders that we are likely on course to complete Wave C at $105,000. But orders clumped at $108K, which aligns with a Fibonacci Golden Pocket, serve as a reminder that an alternate scenario could happen.

Stay principled in your position sizing, and be aware of invalidation levels. Remember, the market doesn’t MOVE in a straight line.