BTCusd Found Buyers After Elliott Wave Double Three

Bitcoin (BTCUSD) has resumed its upward trajectory after completing an Elliott Wave corrective structure following a strong rally that originated from its August 1 low. Technical analysis from Elliott Wave Forecast indicates that BTCUSD successfully completed a corrective Double Three pattern labeled as (w)-(x)-(y), with Wave ((iv)) concluding near key support levels. The cryptocurrency found strong buying interest near the 0.764 Fibonacci extension around 76,602, holding firmly above the critical short-term pivot level of 76,235. After respecting this support zone, the price reversed sharply higher, breaking above the corrective connector to confirm the completion of the pullback. Looking ahead, analysts project that the bullish cycle remains firmly intact as long as the 76,235 low holds as technical support. Traders and investors are expecting Bitcoin to extend its bullish sequence and push toward new highs in the near term.