Is the Bottom in for Bitcoin?
Author: Dr. Arnout Ter Schure
Published: December 9, 2025
Overview
The article discusses the current state of Bitcoin's price action and its potential future movements based on technical analysis, particularly the Elliott Wave Principle. The author suggests that while there may be a possibility of a final drop to around $78,000, a significant rally is expected thereafter.
Current Price Movement
Since the low of $80,562 on November 21, Bitcoin has experienced a rise of approximately 7%, reaching a high of $94,167. This increase represents an 18% gain, which is notably higher than the previous bounce of 12.5% in October. The article raises the critical question of whether the bottom has been reached.
Technical Analysis
The author employs the Elliott Wave Principle to analyze Bitcoin's price movements. The recent rally is characterized as a corrective A-B-C move, indicating a minor fourth wave. The price has approached the 161.8% Fibonacci extension at $79,730, which aligns with the ideal target for the third wave. The next target for the corrective wave is identified at the 100% Fibonacci extension around $93,717, with potential for further extension into the $98,000 to $104,000 range.
Future Projections
For Bitcoin to confirm that the larger correction has ended, it must stay above the previous low of $103,552 made on October 17. The article outlines two potential scenarios: one where Bitcoin continues to trend higher, and another where it experiences a final drop before rallying. The price action since the November low shows a bullish trend of higher highs and higher lows, suggesting the beginning of a new upward wave.
Conclusion
The current market phase is described as "less clear," but the author remains optimistic about Bitcoin's potential for a significant upward movement in the near future. The analysis emphasizes the importance of understanding market fluctuations and the inherent volatility in short-term trading.