Elliott wave analysis of the market for October 5, 2026 BTCUSD
BTCUSD: FLAT.
$25 for a risk-free start! Register, complete verification, enter promo code BITCOINTALK10 in your Personal Area, and get a trading bonus with no deposit required. Bitcoin flatly refuses to fall and perceives every pressure on itself as extremely painful, trying to respond immediately.
At the same time, after each recovery from the decline, buyers stop actively pushing the price higher, although it would seem that the initiative has already shifted to them. As a result, the chart shows a confusing picket fence of swing waves, sometimes up, then sharply down again.
It seems that the correction decided to form shallow and stretch out in a horizontal plane, choosing for this the model of a converging horizontal triangle.
If this is really the case, then in the near future we will see how the price will move down again. However, it is better not to trade this situation, as the movement potential looks insignificant.
It is better to wait for the situation to clarify and only then enter into one or another trading position.
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