Bitcoin has weathered a sharp sell-off and stabilized at a key support level, indicating that buyers remain firmly in control. With the market structure holding, analysis from Quantum Models suggests that Wave (3) is now underway, targeting a near-term move toward approximately $104,000.
The Q-Structure confluence zone continues to provide strong support, reinforcing the broader bullish outlook. This area has absorbed selling pressure, signaling that larger market participants are defending key levels despite recent volatility.
A closer look at the market structure reveals the recent pullback is likely a complex corrective phase—specifically an Intermediate Wave (2) forming a Zigzag W | Zigzag X | Triangle Y pattern—rather than the start of a larger downtrend. With this correction largely complete, Intermediate Wave (3) appears to be in progress, with Minor Waves 1 and 2 already formed. This sets the stage for a more decisive upward move, with the upcoming Minor Wave 3 typically being the strongest and most aggressive part of an advance.
If this plays out as anticipated, the model points to a near-term target around $104,444, based on the Q-Structure λᵣ projection. This bullish outlook, rooted in the Quantum Models framework, was initially projected during Bitcoin’s decline back on November 15.
In recent price action, Bitcoin saw a sharp drop but found strong buyer interest at a critical support level, allowing the price to stabilize and gradually climb higher. This response suggests the sell-off was absorbed by steady demand rather than panic, reflecting healthy buying activity at key zones.
The formation of a higher low following the drop is particularly notable, as it signals weakening downward momentum. As long as Bitcoin holds within this reclaimed range, the risk of a deeper decline lessens, leaving room for further upward movement.
Sideways or consolidating action at these levels is constructive for the broader crypto market. Maintaining this structure supports a more sustainable and measured advance for Bitcoin, rather than a sharp or volatile rebound.
Frequently Asked Questions
Frequently Asked Questions About Bitcoin Soaks Up Selling Pressure Market Pattern Points to Next Rally Targeting 104000
BeginnerLevel Questions
Q1 What does it mean that Bitcoin is soaking up selling pressure
A It means that despite many people selling their Bitcoin the price isnt falling significantly because there is strong steady buying demand absorbing all those sell orders
Q2 What is a market pattern in this context
A It refers to a recognizable trend or shape on a Bitcoin price chart that analysts believe has happened before and may predict future price movementin this case a potential rally
Q3 Is 104000 a guaranteed price target
A No it is not a guarantee Its a prediction or target based on technical analysis of current patterns The cryptocurrency market is highly volatile and many factors can change the outcome
Q4 What typically causes a rally in Bitcoins price
A Rallies can be caused by a combination of factors like increased adoption positive news institutional investment broader market trends or technical patterns suggesting a breakout
Q5 As a beginner should I invest based on this prediction
A You should never invest based on a single prediction Always do your own research understand the risks of Bitcoins volatility and only invest money you are prepared to lose Consider it one piece of analysis among many
Intermediate Advanced Questions
Q6 What specific market pattern is being referenced here
A While the exact pattern isnt named in your headline analysts often refer to patterns like reaccumulation bull flag or Wyckoff accumulation when describing an asset absorbing sell pressure before a major upward move
Q7 How do analysts measure selling pressure being absorbed
A They look at metrics like trading volume order book depth and onchain data showing coins moving to strong longterm holder addresses
Q8 What are the key onchain signals that support this bullish thesis
A Signals include a decrease in Bitcoin held on exchanges an increase in the number of longterm holders and the realized price