# Bitcoin May Correct to $74,600 After Fifth Wave Ends at Expected Position

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/32534
Published: 2026-10-15T13:38:31.000Z
Updated: 2026-10-15T13:38:31.000Z
Section: Investing

> BTC is below its 21-period EMA and temporarily finding support near the 50-period EMA, while its RSI has returned to a neutral 50.

Bitcoin (BTC) may correct toward $74,600 after the fifth wave of an initial advance ended at its expected position. The medium-term trend remains positive, with no current signal for concern.

The possible target matches a 0.382 Fibonacci retracement. BTC has fallen below its 21-period exponential moving average (EMA) and is temporarily finding support near its 50-period EMA. The 200-period EMA is around $75,800, above the possible correction target.

The relative strength index (RSI) has returned to 50, a neutral reading, and its gap from the 14-day moving average has widened. A B-wave rebound could precede a final C-wave decline.