BTC/USD Technical Analysis Bullish Market Structure

The BTC/USD market is showing a definitive bullish structure across multiple timeframes, including the 12-month, 3-month, 1-week, and 1-day charts. This analysis highlights the delivery of price through various accumulation and re-accumulation phases, further supported by harmonic patterns and Elliott Wave theory. The current formation suggests a clean swing is in development, aligning with broader bullish sentiment.

Long-Term Bullish Structure (12M, 3M):
On the 12-month and 3-month charts, BTC/USD exhibits a strong macro-structure indicative of accumulation patterns often seen in long-term bullish cycles. Key zones of support, marked by institutional buying (Order Blocks), have emerged at critical price levels, creating a foundation for further upward price movement.

The primary observation here is the completion of larger-degree corrective patterns, followed by impulsive waves that demonstrate consistent demand absorption and price re-accumulation. These phases indicate that long-term investors are positioning themselves for sustained growth, with strong demand overpowering supply in strategic zones.

Mid-Term Structure: Weekly and Daily Timeframes (1W, 1D):
Zooming into the weekly (1W) and daily (1D) charts, the bullish narrative becomes clearer. BTC/USD has formed multiple bullish continuation patterns, including:

Accumulation and Re-accumulation Phases: Evident in the recent price action, these phases suggest institutional players are consistently adding to long positions at key support levels. This is illustrated by repeated bullish order blocks, where price retraces into premium zones before launching higher.

Elliott Wave Structure: The overall wave count suggests BTC/USD is completing a large impulsive wave sequence, with the current movement being part of the Wave (3) or Wave (5) of a broader Elliott Wave cycle. The identification of impulsive waves, corrective pullbacks, and subsequent breakouts aligns with a textbook bullish Elliott Wave structure. Specifically, within the marked sections, Wave (5) is extending upward, showing that the bulls are firmly in control.

Harmonic Patterns: BTC/USD is forming harmonic price patterns, which further solidify the case for bullish continuation. Patterns such as the Bullish Gartley or Bullish Crab are implied within the price action, reflecting precise retracement levels (0.618, 0.786) in alignment with Fibonacci extensions, supporting the case for a higher price swing. These harmonics provide additional confluence to the bullish scenario, indicating clean swing formations.

Detailed Breakdown of Key Markups:
Each markup on the chart corresponds to specific phases of price delivery and structural behavior. Below is a breakdown of each important element:

Wave Structure (Elliott Waves):

The chart highlights the completion of Wave (C) of a larger corrective structure, followed by an impulsive upward wave. The market appears to be in the final stages of Wave (5), with sub-waves unfolding in a clear pattern, validating the strength of the ongoing trend.
The sub-waves of Wave (3) and Wave (5) are clearly marked, showing retracements to key Fibonacci levels (0.382, 0.618), typical of Elliott Wave behavior. These retracements further confirm that BTC/USD is maintaining bullish momentum.
Order Blocks and Accumulation Zones:

Several bullish order blocks (identified on both the 4H and daily timeframes) are illustrated. These represent institutional levels where large buy orders were previously placed, providing robust support during pullbacks.
Price action has respected these levels, confirming their significance as accumulation zones, reinforcing the bullish outlook as long as price remains above these zones.
Harmonic Price Zones:

The chart also depicts important Fibonacci retracement levels (0.236, 0.34, 0.382, and 0.5), which align with harmonic structures. These are key levels to watch for potential retracement before the next leg higher, particularly as the market completes its current harmonic swing.
The harmonic patterns align with institutional pricing techniques, signaling that large market participants are involved in driving price higher.
Invalidation Levels:

Several key invalidation points are marked, such as the 1.5 Fibonacci extension (66,270.85) and 1.29 level (65,119.81). These levels represent extreme extensions where the current wave structure would be invalidated if broken to the upside or downside, offering clear risk management levels for traders.
Discount and Premium Zones:

The chart identifies premium and discount levels where price has either become overbought (premium) or presents a buying opportunity (discount). These zones are crucial for traders to understand optimal entry and exit points.
A clear equilibrium point (58,843.93) is highlighted, where price may consolidate before the next move higher, allowing the market to reset and re-accumulate.
Conclusion:
The BTC/USD market shows a well-defined bullish structure supported by multiple accumulation and re-accumulation phases across all major timeframes. The ongoing price delivery aligns with harmonic patterns and Elliott Wave theory, reinforcing the case for a sustained bullish trend. With institutional buying evident in multiple bullish order blocks, and price action respecting critical support and Fibonacci levels, the market is poised to complete a clean upward swing.

Traders and investors should continue to watch for price action around key Fibonacci retracement zones, with invalidation levels providing clear risk management points. The overall bullish sentiment remains intact unless key support zones are broken.

This analysis concludes that BTC/USD is likely to continue its upward trajectory in the medium and long term, supported by solid technical structures and strong accumulation behavior.