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BTCUSD Forecast

Elliott Wave analysis, market structure and the latest BTC/USD forecasts.

BTCUSD Forecast

BTCUSD Forecast for October 30, 2026

EWM Team1 min read

Price action: BTCUSD is at 78,224.50, down 3.74% from the day open of 81,261.40. The displayed high is 81,882.05 and the low is 78,189.70; the chart shows a day range of 3,692.34 points. These are intraday figures and may change before the session closes.

BTCUSD Forecast for October 30, 2026

Elliott Wave analysis: The October 28 report projected a blue wave iii decline toward approximately 77,700, with 79,253.95 as an intermediate downside reference. Price has since fallen through that reference, and today’s chart marks red circled ① at 76,307.05. The current projection allows a corrective rebound in red circled ② toward the 50.0% level at 79,094.55, followed by further downside. That recovery remains projected, and the chart’s marked invalidation level is 81,961.65.

Technical Summary

  • Trend: Bearish; corrective rebound projected
  • Current Elliott Wave: Red circled ① marked at 76,307.05; red circled ② projected
  • Key Support / Further Downside: 76,307.05
  • Projected Resistance: 79,094.55 (50.0%)
  • Invalidation Level: 81,961.65

Q: Has BTCUSD reached the projected 50.0% rebound level?
A: No. Price is 78,224.50, below the 79,094.55 level.

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BTCUSD Forecast

Bitcoin Forecast – BTC/USD Elliott Wave Analysis | October 28, 2026

EWM Team1 min read

Bitcoin maintains a bearish 4-hour outlook, with the chart displaying 81,425.35. Following wave X/(c) near 84,850, the decline developed through the labeled purple (a)–(b) structure and blue wave i. The red W-X-Y rebound is approaching the 61.8% Fibonacci retracement near 81,000, with blue wave ii marked above the corrective structure. Compared with our analysis dated October 27, 2026, the displayed price has risen from 81,326.50, while the bearish projection remains unchanged. The annotated path favors a subsequent blue wave iii decline toward approximately 77,700, with 79,253.95 as the intermediate downside reference. The scenario's marked invalidation remains 81,961.65.

Bitcoin Forecast – BTC/USD Elliott Wave Analysis | October 28, 2026

Technical Summary of Bitcoin Price for October 28, 2026

  • Trend: Bearish.
  • Current Elliott Wave: Red W-X-Y correction; blue ii labeled, iii projected.
  • Key Support Levels: 79,253.95; approximately 77,700 projected.
  • Key Resistance Levels: Approximately 81,000; 81,961.65.
  • Next Price Target: 79,253.95, then approximately 77,700.
  • Invalidation Level: 81,961.65.
  • Fibonacci Levels: 61.8% near 81,000.

Trader's Question: Will Bitcoin complete wave ii before a bearish wave iii?

The projected path favors renewed weakness below 81,961.65, but the anticipated wave iii decline remains unconfirmed.

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Market guide

About BTCUSD Forecast

Bitcoin (BTC) is the first widely established cryptocurrency and one of the most closely followed digital assets in the global financial markets. Bitcoin operates on a decentralized blockchain network that enables transactions to be recorded and verified without relying on a traditional central authority. It is followed by traders, investors, financial institutions, asset managers, and market analysts worldwide.

Bitcoin Forecast and Analysis

Our Bitcoin Forecast provides updated market analysis focused on the potential direction of Bitcoin prices. Our analysis covers different timeframes and may include market trends, support and resistance levels, price structure, and potential bullish or bearish scenarios.

At Elliott Wave Monitor, we use Elliott Wave analysis together with technical analysis to study the structure of the Bitcoin market and identify potential price movements. Each analysis is based on the latest available price action and market structure.

What Affects Bitcoin Prices?

Bitcoin prices are influenced by a range of financial, economic, technological, and regulatory factors. Market sentiment, investor demand, liquidity, institutional participation, and broader conditions in global financial markets can all affect Bitcoin's price movements.

Bitcoin's limited maximum supply and its scheduled halving mechanism are also important characteristics of the cryptocurrency. The supply of Bitcoin is capped at 21 million BTC, while new Bitcoin issuance is reduced through periodic halving events.

Regulatory developments, cryptocurrency adoption, blockchain activity, and changes in institutional demand can also influence Bitcoin. The performance of other major cryptocurrencies and developments across the broader digital asset market may affect market sentiment as well.

Bitcoin can also be sensitive to changes in interest rates, liquidity conditions, and movements in the US Dollar. During periods of changing risk sentiment, Bitcoin may experience significant price volatility.

Bitcoin Technical Analysis

Bitcoin Technical Analysis can help traders study important price levels and market structures. Our analysis may include support and resistance levels, trend direction, Elliott Wave counts, potential reversal areas, and different market scenarios.

As market conditions change, technical scenarios can also develop or become invalidated as new price information becomes available. For this reason, our latest Bitcoin analysis is regularly updated on this page.

Latest Bitcoin Forecast

This page brings together the latest Bitcoin Forecast and Bitcoin Analysis from Elliott Wave Monitor. New analysis posts are published regularly, allowing readers to follow Bitcoin price movements across different market conditions and timeframes.

Whether you are looking for a Bitcoin forecast, BTC price analysis, Bitcoin technical analysis, cryptocurrency analysis, or Elliott Wave analysis, this page provides a central place to follow our latest market updates and potential price scenarios.