Bitcoin Absorbs The Flush: Quantum Structure Signals Wave (3) Toward $104,000

[Ben Graham]

Bitcoin has absorbed a sharp sell-off and stabilized at key support, signaling that buyers are firmly in control. With the market holding its structure, insights from Quantum Models suggest that Wave (3) is underway, pointing toward a near-term target around $104,000.

Q-Structure Confluence Holds Firm, Keeping The Bullish Bias Alive

Elliott Chart, in a recent update, highlighted that Bitcoin remains firmly supported around the Q-Structure λ₅ confluence zone, a level that continues to underpin the broader bullish outlook. This support area has absorbed selling pressure, suggesting that larger participants are still defending key levels despite recent volatility.

Upon closer examination of market structure, the recent pullback is now being classified as a complex corrective phase rather than the beginning of a larger downtrend. Specifically, the correction is interpreted as Intermediate Wave (2), unfolding through a Zigzag W | Zigzag X | Triangle Y setup. 

With this corrective pattern largely resolved, Elliott Chart highlights that Intermediate Wave (3) is now in progress, with Minor Waves 1 and 2 already taking shape. This suggests the market is building the foundation for a more decisive move higher.

The critical piece still developing is an impulsive Minor Wave 3. Historically, this wave tends to be the strongest and most aggressive part of an advance. If it unfolds as expected, the model points to a near-term Q-Target around $104,444, generated using the Q-Structure λᵣ projection.

This bullish scenario is derived from insights within the Quantum Models framework and is not based on short-term noise. Notably, this potential trend reversal was first projected back on November 15, during Bitcoin’s decline.

Sharp Flush Finds Strong Demand At Key Levels

Delving into current price actions, CyrilXBT disclosed that Bitcoin experienced a sharp flush but found buyers precisely at a critical support level, allowing the price to stabilize and gradually grind higher. This reaction indicates that the recent sell-off was absorbed by strong demand rather than driven by panic selling, reflecting healthy market participation from buyers at key zones.

This type of price action highlights absorption, not fear. What stands out most is the higher-low structure that has emerged following the drop. This formation is important because it signals that downside pressure is weakening. As long as Bitcoin continues to hold within this reclaimed range, the risk of a deeper sell-off diminishes, and the market maintains the potential for further upward moves.

Sideways or consolidating price action at these levels is constructive for the overall crypto market. Maintaining this structure sets the stage for a healthier, more sustainable advance for Bitcoin rather than a rushed or volatile rebound.