- Last night’s rejection near $89K sets up a deeper pullback to $74K–$82K demand zone.
- Classic Wave 4 correction expected: flush lower, then accumulation before the final rally.
- If $74K holds, Wave 5 targets $110K+; structure remains bullishly intact.
Bitcoin just delivered another masterclass in late-cycle psychology. After teasing $89,500 yesterday only to get violently rejected, the market is now staring at a textbook Wave 4 setup: one more leg lower, a final accumulation phase, and then the explosive Wave 5 that caps the entire 2024–2025 bull run.
The rejection candle was brutal—long upper wick, heavy volume, and an immediate reversal from the 0.618 Fib extension of the move up from October’s $74K low. That level has acted as dynamic resistance all month. When combined with an RSI flashing extreme oversold readings near 28, the message is clear: the market wants to rinse remaining leverage and scare late bulls before rewarding the patient.
Next major demand sits between $74K and $82K—the zone that marked both the 2025 yearly low and multiple institutional accumulation clusters throughout the year. A sweep of this area would tag the 1.0 Fib extension, shake out weak hands, and set the stage for the cleanest risk/reward entry of the entire cycle. History shows every major leg higher this year (March ATH, July recovery, October breakout) followed an identical pattern: rejection → deeper correction → violent reversal.
On-chain data supports the script. Exchange reserves have ticked higher as panicked retail dumps, while long-term holder supply continues climbing—classic distribution from weak to strong hands. ETF flows turned briefly negative last week, yet institutional order books reportedly remain heavily bid below $80K.Bottom line: Bitcoin is still hunting those six-figure highs, but it refuses to go straight there. One more flush to $74K–$82K looks increasingly probable, and frankly necessary, to reset sentiment and fuel the final parabolic wave. For anyone still waiting on the sidelines, this is likely the last major discount before the cycle peak. The pain is almost over—and the real party is about to begin.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
