NewsBTC
Nov 7, 2025
2 0

Bitcoin Price Correction Could Lead to $94,000 Before Bullish Trend

Analyst Tara suggests that the recent Bitcoin price crash may be a critical phase for its long-term structure. Her analysis indicates a potential Wave 5 correction, possibly driving the BTC price down to $94,000 before initiating a new bullish trend.

Key Points from Technical Analysis

  • The current retracement is viewed as essential for future recovery, setting the stage for Bitcoin's next major bottom.
  • Only two waves remain before a broader market shift, according to Tara’s Elliott Wave analysis.
  • The Relative Strength Index (RSI) has dropped, creating conditions for a Bullish Divergence, crucial for establishing a solid bottom.
  • A key Fibonacci Retracement zone between $103,400 and $104,900 has been identified as a resistance range.
  • Trading volume decreased by over 48% in the past 24 hours, with RSI at 33.96, indicating an oversold market.

Bitcoin

Impact on Future Market Trends

  • Bitcoin could initially rise to $104,000 before potentially crashing to $94,000.
  • The anticipated price bottom is expected soon, but building solid support might take longer.
  • The market may not feel bullish until mid-December 2025.
  • Tara emphasizes that this correction is necessary for Bitcoin’s next upward movement.

Bitcoin