<div id="readability-page-1" class="page"><div id="blog-content">Photo by Michael Förtsch on Unsplash Bitcoin is showing signs of further downside after completing a complex W–X–Y corrective structure, which forms part of a higher-degree Wave IV correction on the daily chart. With this correction now likely complete, market structure suggests that Wave V is underway. <img height="613" src="https://imageproxy.pbkrs.com/https://talkmarkets.com/contributor/gregor-horvat/user_content/ckimages/orig_daily%20btcusd%20jan%2030%202026.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" original-src="https://imageproxy.pbkrs.com/https://talkmarkets.com/contributor/gregor-horvat/user_content/ckimages/orig_daily%20btcusd%20jan%2030%202026.webp"/>BTCUSD Daily Chart As Wave V unfolds, traders should be prepared for additional weakness within a new five-wave bearish cycle, with a projected downside target near the $75,000 area. This move would align with the typical behavior of a final impulsive wave following a complex correction.Zooming into the 4-hour chart, Bitcoin appears to be developing Wave 3 of this bearish sequence. This phase is often characterized by strong momentum, increasing the likelihood of a breakdown below the $80,000 support zone in the near term. <img height="613" src="https://imageproxy.pbkrs.com/https://talkmarkets.com/contributor/gregor-horvat/user_content/ckimages/orig_4h%20btcusd%20jan%2030%202026.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" original-src="https://imageproxy.pbkrs.com/https://talkmarkets.com/contributor/gregor-horvat/user_content/ckimages/orig_4h%20btcusd%20jan%2030%202026.webp"/>BTCUSD 4H Chart That said, market participants should remain cautious of a potential Wave 4 corrective pullback, which could temporarily relieve selling pressure before the market resumes its decline. Following such a pullback, a continuation lower in Wave 5 of Wave V would be expected to complete the bearish structure.In summary, while short-term bounces are possible, the broader technical outlook continues to favor further downside until Wave V fully completes.<hr/>More By This Author:How We Spotted Support And The Rebound On HYPEUSD Silver Enters Higher-Degree Correction As Volatility Expands EURUSD Breaks Out Of A Wave IV Triangle Into Wave V</div></div>

Bitcoin is showing signs of further downside after completing a W–X–Y corrective structure, indicating that Wave V is underway. Traders should prepare for additional weakness in a new five-wave bearish cycle, targeting near $75,000. The 4-hour chart suggests Wave 3 of this bearish sequence is developing, with a potential breakdown below the $80,000 support zone. A Wave 4 corrective pullback may occur before continuing lower in Wave 5. Overall, the technical outlook favors further downside until Wave V completes.

- Bitcoin shows signs of further downside after completing a complex corrective structure, indicating that Wave V is underway.  
- Traders should anticipate additional weakness within a new five-wave bearish cycle, projecting a target near $75,000, with a potential breakdown below the $80,000 support.  
- Although short-term bounces may occur, the overall technical outlook suggests continued decline until Wave V completes.

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Bitcoin Enters Wave V: Bearish Momentum Building Below Key Levels