BTC/USD Elliott Wave Analysis - Impulse Wave Expected After Corr

Analyzing the 2-hour chart of BTC/USD, we observe a completed ABC correction. Wave A was characterized by a sharp decline, followed by a consolidation phase in Wave B. Wave C completed the correction, signaling the potential start of a new impulse wave.

We expect BTC to move upwards from the current level around 63,957, aiming for a target near 66,400, as indicated by the blue dotted line. This projection aligns with typical Elliott Wave Theory patterns where an impulse wave follows a corrective phase.