Technical analysis by mukit1 about Symbol BTC: Buy recommendation (11/22/2025)

No, we are not, not yet! But more pain is ahead, most likely. The weekly volume is increasing with the price drop, but still not significant enough to confirm capitulation. The retrace so far, has not come down significantly enough to confirm wave 2 yet. If next week, price comes down below $75.4 k and confirms a lower low and 0.764 retrace It could officially be marked as wave 2 of the Minor degree. This drop is comparable to 2014, 2018 and 2021 drops. In 2014, price made a big markup only to crash again and make a lower low. In 2018 we had the infamous 6k to 3k drop which marked the historic low will never be revisited again most likely. In both of those crashes, BTC was already struggling for a while in a long bear market. The current price action looks similar to 2021. First in Q1 there was a top, then after the correction, price made a slightly higher high in Q3, only to grab the breakout players and crush all hopes and dreams. For this cycle, we can count the bear market start from the August top. September top is most likely an extended B wave of either Minute or Minuette degree (we will find out much later). If that fractal is playing out this time, then we should see a B wave bounce soon and another sharp C wave into the first half of 2026. Now, whatever point creates the bounce we need to watch if it is in 3 or 5 waves on the same degree. I will not be easy, but we need to be patient here. C wave can be very painful, but at the same time, it will be an opportunity to reload the boat. Do not get excited on the bounce and get 100x leverage. This has been so far the best bear market in the entire life of BTC. We have only seen a 35% decline thans to extended b wave. Now, the name of the game is to accumulate before the bounce and take some profit at the resistance areas to prepare for another drop. If price still drops again, at 60k, everyone will declare BTC as dead. At 45k, institutions will start to offload. If, by any chance price goes to 32k, there will be not a single bull left. But I will be accumulating on those levels regardless. No leverage, not my life savings, not putting anything on mortgage. Just use the dry powder, save up what I can and put in BTC. Because the next move up with be the move for the history books (wave 3 of 3 of 3 of 3).....