Bitcoin is showing fresh weakness across both the weekly and four hour charts. One setup shows a rejection at key market structure, while the other points to a possible final wave lower after a completed corrective bounce.
Bitcoin Faces Pressure After Rejection at Key Market Structure
Bitcoin has been rejected at a key market structure level, according to chart analysis shared by Titan of Crypto on X. The weekly BTC/USDT Binance chart compares the current setup with a past cycle and shows price falling back below a major horizontal support turned resistance zone.
Bitcoin Weekly Market Structure Rejection. Source: Titan of Crypto on X
The chart points to a repeated pattern. In both structures, Bitcoin printed higher highs, then lost momentum, failed to reclaim a marked 38.20% level, and later broke below an important market structure area. In the current setup, that same horizontal level now sits above price, which suggests bearish pressure remains in place until Bitcoin can move back above it.
Titan of Crypto said price needs to reclaim that area to shift the bearish momentum, and the chart supports that argument. The marked structure level appears near the mid $70,000 zone, while Bitcoin is trading below it after a sharp decline from the recent higher high. That leaves the market in a weaker position on the weekly timeframe.
The comparison with the earlier cycle adds to the caution. In the left side of the chart, Bitcoin followed a similar path before extending lower after losing structure support. On the right side, the current pattern has not confirmed the same outcome yet, but the rejection at market structure keeps that risk in focus.
For now, the key signal is whether Bitcoin can reclaim the broken structure level. Until that happens, the chart continues to show bearish momentum rather than a confirmed recovery.
Bitcoin Wave 4 Correction Points to Possible Final Leg Lower
Bitcoin has completed a wave 4 corrective move and may be starting a final wave 5 decline, according to chart analysis shared by Matthew Dixon on X. The four hour BTC/USD Bitstamp chart shows the projected correction unfolding as expected, with price turning lower after testing the upper part of the recent range.
Bitcoin Wave 4 Correction Analysis. Source: Matthew Dixon on X
The chart outlines an Elliott Wave structure in which the latest rebound formed wave 4 inside a broader downward move. After that bounce, the projected path turns lower again, suggesting the next leg could form wave 5. The analysis also notes that this final move would likely break into five smaller waves, which would fit a standard Elliott Wave decline.
Several Fibonacci levels on the chart mark the recent structure. The rebound moved into a resistance area near the upper retracement zone, then failed to push higher. At the same time, the red projected path points to further weakness ahead, with the decline extending below the recent support band if the pattern continues.
The RSI panel also shows momentum cooling after the rebound. That weakens the case for a fresh upside breakout in the short term and supports the idea that the recent move may have been corrective rather than the start of a new trend higher.
For now, the focus shifts to whether Bitcoin continues forming the expected fifth wave lower. If that happens, traders would likely watch the smaller internal wave structure for signs of exhaustion and a possible ending phase in the broader decline.
Source: https://coinpaper.com/15248/bitcoin-may-be-entering-a-final-selloff-phase-charts-warn
