Pullback Keeps $90K Elliott Wave Scenario Alive: Bitcoin Price Analysis – September 3

Bitcoin price analysis notes that BTC surged to $81,330 on August 28 after holding above the prior $64,402 level. In a September 2 analysis, FX Empire’s Dr.

Arnout Ter Schure characterized the subsequent pullback as corrective rather than the start of a trend reversal, which traders will be hoping proves right if a move toward $90,000 is to happen.

The analysis identifies $72,994 as a key Bitcoin support level for its bullish Elliott Wave case. A sustained break below that level, FX Empire said, would weaken the fifth-wave setup and raise the risk that the rally from the August low has already completed.

FX Empire’s live price display showed Bitcoin trading at $77,867.11, up 0.44% at the time of publication. That figure is a point-in-time reference rather than a current market quote.