Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
#GateIPOAccessSpaceX
- Elliott Wave Analysis for Bitcoin: Forecasting the Path
In this technical article, we will review the Elliott Wave charts for Bitcoin (BTCUSD) that were published in the members’ section on our website. As our members know, we predicted a decline in the price of Bitcoin (BTCUSD) since last year. The cryptocurrency market continued to decline as expected. The main target zone has not yet been reached, and we believe we may see further declines in the coming days.
In this discussion, we will analyze the Elliott Wave forecasts and present the target zone.
- Elliott Wave Chart for the BTC/USD pair on a 1-hour timeframe 06.05.2026
The current outlook indicates that Bitcoin is seeing strong bearish sequences, with wave ((v)) nearing completion of wave three (in red).
As our members know, the typical target range for wave ((v)) is determined using the inverse Fibonacci extension of wave ((iv)) between 1.236 and 1.618. In this case, this range lies between 60,555 and 55,992. From within this range, we expect a three-wave corrective rebound before the downward trend resumes.
- Elliott Wave Chart for the BTC/USD pair on a 1-hour timeframe 06.10.2026
Bitcoin found buyers in the range 60,555–55,992 and achieved a three-wave rebound as expected. The overall outlook remains unchanged, with only a slight adjustment in the wave count.
At this stage, we consider wave ((iv)) to have completed at 64,200. As long as the price remains below this level, we expect further decline within wave ((v)).
We will use the same methodology to determine the target range for wave ((v)), based on the inverse Fibonacci extension of wave ((iv)) between 1.236 and 1.618, which falls between 58,020 and 56,080.
Important note: Our analysis does not rely on Elliott Wave theory in isolation. Instead, we conduct a detailed analysis of market cycles on longer timeframes, showing an incomplete market structure. This is one of the main factors affecting price movement, alongside correlation analysis and the broader market context.
BTCUSD
$BTC