NewsBTC •
January 14, 2026 at 22:00 •
Analysis
Bitcoin’s latest recovery above $94,000 raises up the question of whether it is the next leg for the continuation of a bull cycle or the final rally before a deeper reset. However, an interesting technical outlook shared on TradingView by crypto analyst Xanrox suggests the bullish path many traders are watching could ultimately end lower than expected, even if price strength is strong in the near term. Elliott Wave Setup Leaves Room For One More Push Higher Technical analysis of Bitcoin’s price action on the weekly candlestick timeframe chart shows the cryptocurrency has completed a five-impulse wave that goes as far back as early 2023. This impulse wave count ended with Bitcoin’s peak above $126,000 in October 2025 and the cryptocurrency is now playing out correctiv...
