Bitcoin’s Next Macro Correction: Here’s How the Price Action Could Unfold

Bitcoin's macro correction looms—and the charts are whispering what comes next.

Brace for impact: the king of crypto doesn't do gentle landings.

Technical breakdown

Watch those key support levels. They’re not just lines on a chart—they’re the difference between a healthy pullback and a full-blown cascade. History says Bitcoin loves to retest, shake out weak hands, and reload.

Market psychology at play

Fear’s creeping back in. Traders are eyeing exits, while long-term holders just shrug. Classic divide. The smart money? They’re waiting for the panic to peak before stepping in. Because nothing fuels a bounce like maximum pessimism.

Macro factors stirring the pot

Regulatory noise, liquidity shifts, and that old favorite—leveraged positions getting liquidated. It’s a perfect storm in a market that thrives on chaos. And let’s be real: Wall Street still hasn’t figured out that crypto winters tend to end with parabolic springs.

Where this could go

A dip? Almost certain. A doom spiral? Unlikely. Bitcoin’s proven it can take a punch—and come back swinging. Corrections aren’t setbacks; they’re setups. Just ask anyone who bought the last ‘collapse’ and smiled all the way to the next ATH.

So keep calm and stack sats. The cycle’s gonna cycle—with or without permission from the suits.

Possible Scenarios For Bitcoin Price Macro Correction 

On Friday, Casitrades explained in an X social media post that Bitcoin’s recent price surge has tested the 0.5 Fibonacci retracement level around  $116,000, an important milestone in the recovery phase. Interestingly, despite this sudden push higher, the RSI highlighted on the price chart is yet to show the exhaustion one WOULD typically expect at a major top. This suggests buyers may still have room to drive prices further upward before hitting a ceiling. 

Notably, the analyst pointed out $118,000 as the next critical level to watch, noting that it coincides with the 0.618 Fibonacci retracement and the 1.236 C-wave target within the developing Wave 2 structure. Casitrades has described this area as a decisive confluence point. A sharp rejection here could confirm that Bitcoin’s bull run has officially ended, reinforcing the theory that the cryptocurrency remains locked in a Wave 2 macro correction phase. 

On the other hand, the analyst noted that forming a top around the decisive confluence point would confirm that BTC is not ready to challenge or break into new all-time highs and could instead retrace deeper. As the chart illustrates, potential downside targets lie well below Bitcoin’s current price levels above $115,800, hinting that a failure at $118,000 could lead to a steeper correction that might drag the cryptocurrency back into the $110,000 – $106,000 zone in the NEAR term. 

$122,000 Marks Final Test For Macro Correction

While $118,000 remains the first line of resistance for Bitcoin, Casitrades highlighted that the cryptocurrency could extend its rally higher into the $120,000 – $122,000 zone if momentum persists. This level is viewed as the final test that will decide whether the macro correction holds or fails. It aligns with the 0.786 Fibonacci retracement, making it an even more formidable resistance area. 

The expectation is that if Bitcoin’s RSI shows signs of exhaustion and the cryptocurrency faces strong rejection in this region, the correction could be swift and significant. In this scenario, Bitcoin would set up for a macro downturn, confirming the theory that the rally from recent lows has merely been a corrective leg. 

The projected correction could then reset the broader structure, allowing for healthier long-term price action. However, if bitcoin manages to break through $122,000 convincingly, Casitrades notes that it would invalidate the macro correction narrative altogether and potentially send it to price levels between $122,000 – $124,000. 

Featured image from Unsplash, chart from TradingView