BTCUSD Found Buyers After Elliott Wave Double Three
Hello , fellow traders. In this technical update, we’ll revisit our recent Elliott Wave analysis for BTCUSD, published in the members’ area of the website.
In our previous BTC article, we explained that Bitcoin was going through a short-term correction after a strong rally from the August 1 low. We highlighted 76,235 as the key short-term level and outlined two possible bullish scenarios. The first scenario allowed for another push lower before the rally resumed. However, we also noted that if BTCUSD continued to hold above 76,235 and broke above the connector, the correction could already be complete and the next bullish leg could begin.
That more bullish scenario played out, with Bitcoin holding the key low and turning sharply higher.
BTCUSD Elliott Wave 1 Hour Chart 09.02.2026
BTCUSD is forming a Double Three pattern labeled (w)-(x)-(y). The decline found support near the 0.764 Fibonacci extension around 76,602. We expect rally to takes place soon.
BTCUSD Elliott Wave 1 Hour Chart 09.06.2026
Bitcoin respected the key support and turned sharply higher. Wave ((iv)) completed at the 76,235 low, followed by a strong rally toward new highs. The current view suggests that as long as the pivot at the 76,235 low remains intact, BTCUSD can continue higher and extend the bullish sequence.
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The BTCUSD rally above is a good example.
The key support was identified in advance. The bullish alternative was already on the chart. Once the level held, Bitcoin started the next rally.
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