Bitcoin continues to move in line with its broader macro cycle, reinforcing how structurally driven this market can be. The cycle’s all-time high was set around $126,000 in October , after which price action transitioned into an extended consolidation phase—potentially marking the early stages of a larger corrective period.
From a wave-structure standpoint, the market appears to be forming an ABC correction.
Wave A carried BTC from $126K down to roughly $59K
Wave B may now be unfolding, with a possible recovery toward the $84,800–$90,000 resistance and supply zone. This region is pivotal, as sellers could step back in and limit upside momentum.
If price fails to reclaim and hold above that resistance band, Wave C could follow, driving BTC down toward the $34,000–$30,000 area Historically, this zone has acted as a strong demand and accumulation region, suggesting opportunity for long-term positioning rather than panic.
From a macro perspective, this corrective phase could extend into early 2027 laying the groundwork for the next accumulation cycle. While volatility is likely to persist in the near term, the broader outlook still favors long-term expansion. Once the cycle resets, structural and historical patterns suggest the potential for a move toward $200,000+ in the next major bullish phase
In short, Bitcoin is progressing through its natural market cycle. Recognizing the wave structure and key price levels can help frame strategic decisions. Patience, discipline, and a macro-focused mindset remain crucial for navigating the road ahead.
(Also closely watching broader market correlations with Ethereum and XRP.)