Elliott wave analysis of the market for August 27, 2026 BTCUSD
BTCUSD: BUY 79000, SL 78000, TP 83000.
A month without swaps on majors!
Bitcoin's continued growth is slightly delayed. The price decided to correct a bit, which led to a slight decline into the previous correction range.
From here, buyer activity begins to show again. The price is attempting to rise, and if this plan materializes, we will see an update of the local maximum.
This movement is caused by the formation of an extending wave (iii), in which the development of the internal wave 3 is completing.
Thus, the price has all chances for continued impulsive growth in the near future, so it is recommended to consider opening buy positions at current market prices.
Investment idea: BUY 79000, SL 78000, TP 83000.
