Bitcoin has recently shown signs of weakness, and multiple forms of technical analysis are pointing toward a possible decline in the coming sessions breaks below 115693, it will be an excellent shorting opportunity by 23rd – Aug – 2025… else ignore. By applying Elliott Wave Theory, NEoWave principles, and W.D. Gann studies, we can see clear signals that the current uptrend may be losing strength.

From an Elliott Wave perspective, Bitcoin appears to be completing the final leg of a five-wave impulse structure. After the completion of Wave 5, markets generally correct with an A-B-C pattern. This indicates that Bitcoin could be entering a corrective phase, suggesting a potential fall in the short to medium term. Wave counts on the daily chart also align with Fibonacci extensions, which point to strong resistance zones where reversals often occur.

NeoWave analysis further strengthens this view. Unlike traditional Elliott Wave, NeoWave refines wave structures with more advanced rules. Current Bitcoin charts show the development of a complex corrective pattern, hinting that price exhaustion is setting in. Such formations often precede sharp declines, especially when volume does not confirm the price rise.

Adding to this, W.D. Gann analysis based on time cycles and geometric angles indicates that Bitcoin is approaching a critical turning point. According to Gann’s time cycle methods, major reversals often happen when price aligns with both time and angle resistance. Current Gann levels suggest that Bitcoin may soon hit a cycle top, increasing the probability of a downward move.

In summary, a combination of Elliott Wave counts, NeoWave structures, and Gann time cycles all suggest that Bitcoin is vulnerable to a correction. Traders should remain cautious, manage risk carefully, and watch for confirmation signals before taking positions.