Bitcoin Roadmap!!!(New ATH)

6 Kas

Bitcoin(BTCUSDT) started pumping after it was almost certain that Donald Trump was the future president of the United States because Donald Trump announced his support for cryptocurrency during the last year.

In terms of Classic Technical Analysis, Bitcoin started pumping with the help of the Descending Broadening Wedge Pattern. (Educational).

Bitcoin has already managed to break the Heavy Resistance zone($73,900-$70,900), but it has entered an important Potential Reversal Zone(PRZ)[$73,700-$83,000]; we have to see how long it can continue.

According to the Elliott wave theory, Bitcoin succeeded in completing the Double Three Correction(WXY) and is currently completing wave 4.

I expect Bitcoin to start rising again from one of the Targets I have identified on the chart and at least rise to the upper line of the ascending channel. It probably needs Bitcoin correction to create another New All-Time High(ATH).

⚠️If Bitcoin goes below the Heavy Resistance zone($73,900-$70,900), we should expect more dumps.⚠️

Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

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6 Kas

İşlem aktif

It seems that the upper line of the ascending channel and Cumulative Short Liquidation Leverage can show us the end of wave 5.