BTCUSD: Holding Wave X or Slipping Lower?24 Nov 2025
27 Nov 2025
1 Dec 2025
17 Dec 2025
Bitcoin is still trading inside a falling channel, and the overall structure remains corrective. The recent bounce from lower levels lacks momentum and is overlapping, which signals consolidation rather than a trend reversal. Price continues to respect channel resistance, keeping the broader bias weak.
Wave X is acting as an important support zone around 83,822 , and as long as price holds above this level, further consolidation remains possible. This area is currently absorbing selling pressure and preventing immediate continuation to the downside.
However, a decisive breakdown below Wave X would signal that the correction is not complete. In that scenario, downside momentum is likely to expand, opening the path toward the 79,650 - 75,655 zone.
Stay Tuned
@Money_Dictators
RD :)
