Bitcoin has reached its local top and a final sell-off is beginning.
Bitcoin has reached its local top at $82,814 and has started a new sell-off, approaching the final stage of a long-term corrective phase into green wave 2.
For the end of green wave 2, we have set a Fibonacci retracement zone. This zone points to new opportunities to buy or accumulate Bitcoin in the long term at reasonably cheap prices.
Long Entry Points:
- 61.8% at $51,505
- 78.6% at $35,678
- 88.7% at $26,162
Stop Loss:
- 2% below the target zone, at $25,782
This zone was first set on February 1st, 2026 (https://monalytics.org/bitcoin-btc-update-2/) and represents the end of a long-term corrective phase for Bitcoin. We expect strong bullish momentum to re-enter the market at very discounted price levels, down to the maximum Fibonacci retracement level of 88.7% at $26,162. Therefore, this zone represents a prime opportunity in this market.
If any structural changes occur, we will update you immediately.
Kind regards,
Monalytics
