An important top in Bitcoin – Elliott Wave Technician

In our Elliott Wave Technician newsletter of July 2025 we warned our readers that Bitcoin is approaching a long term top at around 130 – 140 USD.

In our newsletter of 26th September 2025 we informed our readers that a top is most likely in. And published the chart under.

Monthly Chart of Bitcoin

Since its inception, Bitcoin appears to have completed five waves up across different degrees of trend. This action concludes a large Wave (I) structure, which is marked in red on the chart. A substantial correction is now anticipated in Wave (II).

Key observations include:

Deteriorating technical indicators.
Potential downside targets for this corrective phase were identified and analyzed.
A more detailed weekly chart was published in conjunction with the monthly chart for enhanced clarity on the market structure.

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The Rothschild Brothers of London writing to associates in New York, 1863, laying the groundwork for the eventual passage of their catastrophic Federal Reserve Act on December 23, 1913:

“The few who understand the system will either be so interested in its profits or be so dependent upon its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”