Bitcoin (BTC)

Bitcoin (BTC) - Update

Max Oen

24 Feb 2026 — 1 min read

1 day

We are allowing Bitcoin more time to establish a local low before expecting a short-term recovery.

In our previous analysis, Bitcoin activated our first Fibonacci retracement zone by moving into this area. BTC is currently trading around the 50% Fibonacci level at $62,448. Our expectation was that this zone would hold and that Bitcoin would regain short- to mid-term bullish momentum, forming a recovery within red wave B, before a final major sell-off unfolds to complete red wave C. This would conclude orange wave C and finalize the broader wave 2 correction.

At the moment, however, Bitcoin appears unable to hold its local low at $60,132 and may decline further before any short-term recovery into red wave B occurs. In this scenario, BTC could extend into the 61.8% Fibonacci level at $51,352. This would widen our current retracement zone and create additional accumulation opportunities. If the 61.8% level holds and Bitcoin reverses to the upside to form red wave B, we would consider this analysis confirmed.

Alternatively, Bitcoin could begin its major sell-off immediately, leading to an earlier-than-expected move into our second Fibonacci retracement zone. This zone ranges between:

78.6% at $35,687
88.7% at $26,162

We view this second zone as a long-term buying opportunity. While our primary scenario remains a recovery within the current Fibonacci zone into red wave B before a larger decline, we acknowledge the possibility that BTC could invalidate the current zone to the downside and reach the second zone sooner than anticipated.

If any structural changes occur, or if Bitcoin validates or invalidates one of our Fibonacci zones, we will provide an immediate update.

Kind regards,
Monalytics

DISCLAIMER: The content on this website, including charts, analyses, and recommendations, is for informational purposes only and does not constitute financial, investment, or professional advice. Trading and investing involve risk. You should consult a qualified financial advisor before making any investment decisions.

ASML Holding (ASML) EW-Analysis

ASML, near to its major top. Since 2003, ASML has delivered a massive rally and established a strong long-term bull market. In 2004, the stock formed its first bullish impulse within light blue wave 1, followed by a corrective light blue wave 2. This initial impulse marked the beginning of

Qualcomm (QCOM)-EW Analysis

After its IPO in December 1991, Qualcomm began a strong impulsive move, forming green wave 1 followed by green wave 2. This 1–2 setup established a major structural foundation for the market. After completing green wave 2, Qualcomm regained bullish momentum and initiated the first bullish fractal within dark

DoorDash (DASH)

First the Correction, Then the Bull Run Since its IPO on December 9, 2020, DoorDash formed a major market low on October 24, 2022, at $41.37. From this level, the stock initiated a strong impulsive rally, completing light-blue cycle, which builds up green wave 1 at a new all-time

Apple (APPL) Update

We have successfully deactivated our short zone for Apple. On December 9, 2025, Apple reached our anticipated shorting zone, which was identified due to an overextension of orange wave B (https://icreatures.de/apple-aapl-update/). After entering this zone, the stock lost bullish momentum and declined strongly and rapidly, forming a

Read more

ASML Holding (ASML) EW-Analysis

Qualcomm (QCOM)-EW Analysis

DoorDash (DASH)

Apple (APPL) Update