In our last update on 19th May 2025, we highlighted the 100K–102K zone as a critical support level.
That zone held beautifully — twice, first triggering an explosive rally around 22nd May 2025, completing an unfinished Wave 5 and taking Bitcoin to a new all-time high of 112K USD.
This move wrapped up the larger degree bullish cycle that began from the 74–75K lows, where a leading diagonal had formed between 7th to 12th April 2025, taking Bitcoin up to 85K and setting the base for this historic run.
Drop from 112K – Another leading diagonal? (23rd May 2025)
On 23rd May 2025, after touching 112K, Bitcoin reversed sharply.
This wasn’t just a random fall — it formed yet another wedge, possibly a leading diagonal in a new Wave-A downside structure.
This fall from 112K:
- Formed a clean 5-wave wedge on the downside.
- Bottomed again in the magical 100–102K zone.
- Bounced sharply back to the 107K–108K zone, as of writing this update on 9th June 2025.
This bounce completed a classic retracement pattern of the wedge and showed how well the waves continue to unfold — Wave 4, Wave 5, and now the rebound — all captured live by WaveTalks.
Key levels to watch next
The 100–102K zone has been tested twice and proven reliable — but what comes next will be decisive.
If Bitcoin holds above 100–102K, a sideways-to-up move toward 105K–107K is likely, keeping the correction complex and range-bound between 100K–108K.
If 100–102K breaks, the next bounce zone lies at 92K–93K
A sustained break below 92K–93K can open the gates to 86K–88K — a major support zone.
Conclusion
Bitcoin has respected the 100–102K zone twice already — fueling massive wave moves both times.
But now, we’re entering a crucial phase.
- A third test of this zone might either bounce once again, or finally break, marking the start of a deeper correction — possibly retracing a chunk of the rally from 75K to 112K.
