{"id":14927,"date":"2025-08-21T12:33:13","date_gmt":"2025-08-21T12:33:13","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&p=14927"},"modified":"2025-08-21T12:33:14","modified_gmt":"2025-08-21T12:33:14","slug":"bitcoin-august-2025","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/de\/education\/market-insights\/chart-of-the-day\/bitcoin-august-2025\/","title":{"rendered":"It\u2019s Not Looking Good: Bitcoin Faces ABC Correction Scenario"},"content":{"rendered":"\n

Bitcoin has now corrected for six consecutive days, only pausing briefly on August 20 with a small bounce. After a clean 5-wave rally to new highs, the structure is increasingly pointing to an ABC correction<\/strong>: a typical Elliott Wave pattern that often follows impulsive moves.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Key Scenarios to Watch<\/strong><\/h3>\n\n\n\n

In the chart above, you\u2019ll see two key ABC correction scenarios to watch, one marked in red and one in blue. We\u2019ll also one other possibility to keep in mind.<\/p>\n\n\n\n

Shallow Zigzag (Bullish case \u2013 Red)<\/strong><\/p>\n\n\n\n

    \n
  • Price holds $110k\u2013$112k<\/strong> (prior highs + HVN cluster).
    <\/li>\n\n\n\n
  • Rebounds toward $115.7k\u2013$117.8k<\/strong>, where the anchored VWAP<\/strong> and another HVN zone sit.
    <\/li>\n\n\n\n
  • Wave C then terminates near $105k (38.2% retracement + POC)<\/strong>.
    <\/li>\n\n\n\n
  • This would fit a shallow zigzag, keeping the broader uptrend structurally intact.
    <\/li>\n<\/ul>\n\n\n\n

    Deeper Zigzag (Typical EW correction \u2013 Blue)<\/strong><\/p>\n\n\n\n

      \n
    • Break below $112k<\/strong> confirms the smaller HVN cannot hold.
      <\/li>\n\n\n\n
    • Sellers push toward $105k<\/strong> (POC + 38.2% Fib), likely producing a reaction.
      <\/li>\n\n\n\n
    • A corrective B-wave bounce back to $110k\u2013$112k<\/strong> could follow.
      <\/li>\n\n\n\n
    • Final C-leg extends into $99,513 (50% retracement)<\/strong> \u2014 the standard depth for post-5-wave corrections.
      <\/li>\n<\/ul>\n\n\n\n

      Extended Correction (Not considered until further signals)<\/strong><\/p>\n\n\n\n

        \n
      • If $99,513 fails to hold, downside may stretch into $93,600 (61.8% Fib)<\/strong>.
        <\/li>\n\n\n\n
      • This would imply an extended C-wave<\/strong> \u2014 still Elliott-valid, but usually driven by broader risk-off sentiment or liquidation cascades.<\/li>\n<\/ul>\n\n\n\n

        Additional Insights<\/strong><\/h3>\n\n\n\n

        Volume profile is decisive<\/strong>: $105k isn\u2019t just a Fib level, it\u2019s the highest-volume node since April<\/strong>. That means institutional activity is likely to defend or react heavily there.<\/p>\n\n\n\n

        Wave B behaviour will reveal the path<\/strong>:<\/p>\n\n\n\n

          \n
        • A sharp retrace (\u226590% of A) opens the door for a Flat ABC<\/strong> \u2014 even a possible expanded flat<\/strong> where BTC fakes a new high above ~$124.6k before unwinding lower.
          <\/li>\n\n\n\n
        • Momentum divergence matters<\/strong>: If Bitcoin breaks $112k with accelerating sell pressure, the odds lean toward the deeper zigzag. But if $110k\u2013$112k holds with slowing downside momentum, the shallow zigzag or even a running flat becomes more likely.<\/li>\n<\/ul>\n\n\n\n

          Bottom line: Bitcoin is in corrective mode \u2014 the only debate is depth. Hold $110k\u2013$112k and bulls may limit losses to $105k. Lose it, and the door opens for a deeper test into $99k or even $93k.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Bitcoin extends its 6-day slide, eyeing an ABC correction. Key supports: $112k, $105k, $99k. Bulls must defend or risk a deeper pullback.<\/p>\n","protected":false},"author":159,"featured_media":14931,"parent":0,"comment_status":"closed","ping_status":"closed","template":"","market_insights_categories":[18],"class_list":["post-14927","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-chart-of-the-day"],"acf":[],"yoast_head":"\nIt\u2019s Not Looking Good: Bitcoin Faces ABC Correction Scenario - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Bitcoin extends its 6-day slide, eyeing an ABC correction. Key supports: $112k, $105k, $99k. 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