Bitcoin (BTC) Update
Bitcoin reached our first Fibonacci retracement zone.
Bitcoin has now reached our first Fibonacci retracement zone, exactly as anticipated. In our update on January 31, 2026 (https://icreatures.de/bitcoin-btc-update-2/), we outlined expectations for BTC to decline into this zone, complete red wave a, and then initiate a short-term recovery driven by bullish momentum to form red wave b.
A few hours ago, Bitcoin reached the 38.2% Fibonacci retracement level at $73,543 and reacted with a clean bullish bounce, quickly recovering back toward $75,000. This price behavior aligns precisely with our projected scenario.
At this stage, we expect Bitcoin to regain short-term bullish momentum and continue developing red wave b. That said, the market still has room to extend slightly deeper into the retracement zone. A move toward the 50% Fibonacci level at $62,448 remains possible. Even in this case, we expect this area to hold and trigger a bullish reaction, allowing red wave b to unfold as anticipated.
Following the completion of red wave b, we continue to expect one final major sell-off into our second Fibonacci retracement zone, where red wave c should terminate. This would complete orange wave C and mark the end of the entire corrective structure with green wave 2.
Overall, we have used—and will continue to use—both Fibonacci retracement zones as strategic buying and accumulation areas to increase long-term portfolio exposure.
We will follow our analysis as planned and are happy about our work, which has functioned perfectly since our first Bitcoin analysis on 14th July 2025 (https://icreatures.de/btc-at-all-time-high/).
Should Bitcoin confirm short-term bullish momentum from this retracement zone, or if any meaningful structural changes occur, we will provide updates immediately.
Kind regards,
Monalytics
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