{"id":15041,"date":"2025-08-26T03:58:46","date_gmt":"2025-08-26T03:58:46","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&p=15041"},"modified":"2025-08-26T03:58:53","modified_gmt":"2025-08-26T03:58:53","slug":"bitcoin-abc-correction-wave-c-targets-105000-or-108000","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/sv\/education\/market-insights\/chart-of-the-day\/bitcoin-abc-correction-wave-c-targets-105000-or-108000\/","title":{"rendered":"Bitcoin ABC Correction: Wave C Targets $105,000 or $108,000"},"content":{"rendered":"\n

Previously, I theorised that Bitcoin was in a ABC correction with two main possibilities<\/a>:<\/p>\n\n\n\n

    \n
  1. BTC\/USDT bounces at $110K and ultimately corrects to $105K (Bullish scenario)<\/li>\n\n\n\n
  2. BTC\/USDT bounces at $105K and corrects even lower to $99K (Typical 5-wave correction)<\/li>\n<\/ol>\n\n\n\n

    This week, we are given some more clarity \u2014 Bitcoin has indeed bounced at $110K, and then rejected at ~$117K over the weekends, and has now dropped to sub $109,000 levels.<\/p>\n\n\n\n

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

    A continued cascade is likely to take us to $105,000<\/strong>, 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 \u2014 in Elliott Wave Theory<\/a>, Wave C typically is equal in length to Wave A.<\/p>\n\n\n\n

    The confluence here is astounding as the $105,000 target fulfills these factors:<\/p>\n\n\n\n

    \u2705 Wave A confluence<\/p>\n\n\n\n

    \u2705 Point of Control since April 2025 (Start of 5-wave rally)<\/p>\n\n\n\n

    \u2705 Anchored vWAP<\/a> Support since April 2025<\/p>\n\n\n\n

    However, there\u2019s 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\u2019s uptrend, which aligns with a high volume node.<\/p>\n\n\n\n

    Order flow insight tools such as Bookmap<\/a> also show a cluster at $108,000 with more volume than at the $105,000 zone, validating this as a potential reversal zone.<\/p>\n\n\n\n

    \"\"
    Source: Bitcoin (Binance) Bookmap<\/figcaption><\/figure>\n\n\n\n

    Invalidation of this idea<\/strong><\/h2>\n\n\n\n

    We are trading below $110K, but if the daily candle closes back above $110K<\/strong>, 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<\/em> rather than a zigzag.<\/p>\n\n\n\n

    A further close above $112K would add strong confirmation, signalling that the downside break was corrective and not impulsive.<\/p>\n\n\n\n

    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.<\/p>\n\n\n\n

    Closing Thoughts<\/strong><\/h2>\n\n\n\n

    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<\/a>, serve as a reminder that an alternate scenario could happen.<\/p>\n\n\n\n

    Stay principled in your position sizing, and be aware of invalidation levels. Remember, the market doesn\u2019t move in a straight line. <\/p>\n\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    Bitcoin is forming a wave C leg in an ABC correction. Key reversal zones at $105K or $108K; watch $110K\u2013$112K closes for liquidity grab invalidation.<\/p>\n","protected":false},"author":159,"featured_media":15042,"parent":0,"comment_status":"closed","ping_status":"closed","template":"","market_insights_categories":[18],"class_list":["post-15041","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-chart-of-the-day"],"acf":[],"yoast_head":"\nBitcoin ABC Correction: Wave C Targets $105,000 or $108,000 - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"Bitcoin is forming a wave C leg in an ABC correction. Key reversal zones at $105K or $108K. 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