Elliott wave analysis of the market for October 13, 2026 BTCUSD
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BTCUSD: BUY 82000, SL 81000, TP 84500.
Earlier there were concerns that the Bitcoin correction had ended. Although a good zigzag had formed at that time, it turned out to be disproportionate to the previous impulsive rise. It lacked a bit of scale.
And now we see that the price has sharply returned to the lows of that very zigzag, thereby confirming the assumption about the complication of the corrective structure.
At the moment, the formation of a double zigzag is assumed, in which wave (x) is currently forming.
If this is indeed the case, then in the near future we will see another attempt to rise, which will also fail, but on this move you can try to make money.
For this, you can cautiously buy at current levels with a target near the local maximum.
Investment idea: BUY 82000, SL 81000, TP 84500.