Bitcoin USDT Price holds above 99,000 after a precise Intermediate 4vs2 price 61.8% retrace and a 38.2% time proportion, signaling that Intermediate Wave (4) my be complete. BTC/USDT price may rally to new all time highs terminating Intermediate diagonal of Primary 5.
BTC/USDT price (Binance) — Intermediate Wave (4) Update
Date: November 5, 2025
Session: New York
Market recap:
BTC/USDT opened at 101,497.23, posted a low at 98,966.80, and reached a high at 102,370.00.
Bitcoin USDT price as of writing, price trades near 102,075.00.
Overnight, Bitcoin briefly extended down to 98,944.36, breaking beneath the October 9 low (102,000) — confirming a deeper test of support before recovery.
Wave Structure Daily Binance
Intermediate Wave (4) continues to respect the proportions of a contracting diagonal:
- Form: Double zigzag, likely complete.
- Price proportion: ≈ 61.8% retracement of Intermediate (2).
- Time proportion: ≈ 38.2% duration of Intermediate (2).
- Structural rule: Wave (4) remains smaller than Wave (2) in both price and time — maintaining wedge symmetry.
Key Levels and Confirmation
If Bitcoin USDT Price declines further, support lies near the Fibonacci projection of the Minor double zigzag (Y vs. W) at 100% and 127.2%, aligned with the lower Minor-degree channel trend lines.
A decisive break below these supports would invalidate the current count, implying that the all-time high may have marked a lasting top. In that scenario, Bitcoin USDT Price would need to be re-evaluated for deeper downside potential and a revised wave structure.
Conversely, confirmation of a new upward leg—potentially the final move to complete the contracting diagonal—comes with a break above the Minor-degree upper channel line.
A move beyond both that line and the Minor-degree X wave high would strongly favor a run toward new all-time highs.
Disclaimer:
This analysis reflects personal market interpretation based on the Elliott Wave Principle and is provided for educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. Trading digital assets, including Bitcoin USDT Price, involves risk and may result in capital loss. Always conduct your own research and consult a licensed financial advisor before making investment decisions.
