Technical analysis by HodlAhmad about Symbol BTC on 11/22/2025

Bitcoin – Higher Timeframe Structure Update Back in August, I highlighted that BTC’s move to the upside wasn’t impulsive but corrective. That played out exactly as expected: Bitcoin completed Wave B (yellow) near 126K and then sold off sharply into Wave C. Zooming out, BTC is still in a larger Wave 4. Historically, Wave 4s tend to form triangle structures (A-B-C-D-E) rather than simple ABC corrections. These patterns are usually long, sideways, and extremely frustrating for traders. At this stage, I’m tracking two possible scenarios, but based on current price action, there’s roughly an 80% probability that BTC is developing a Wave 4 triangle. Key takeaway: The market is still corrective on the macro level, and patience is required while the triangle completes.