Technical analysis by Wave-Tech about Symbol BTC: Buy recommendation (9/24/2025)

Given the price action off the standing all-time high, there are three basic paths to take from here: The most bullish suggests the primary 4th wave is in place and we have started the final leg higher to finish the cycle with a primary 5th to new all-time highs. The most bearish, not labeled, is that the cycle top is already in place at the standing all-time high. The last, but not least, likely path is for one more leg down to finish off wave (c) of 4 before heading higher to fresh all-time highs.As originally suspected, daily closes above the .618 retracement indeed brought about fresh new all time highs. I've since identified a broadening pattern, from which the market tanked before coming in contact with its upper boundary. The market is rather oversold on the daily and is soon due for a bounce. Whether we rocket back up to another fresh new high from current levels, or whether we need to go deeper to test the lower bound of the broadening pattern to mark the 4th wave down remains to be seen. Naturally, but less likely, the worst case scenario for bulls is that the cycle top is fixed in place.