Bitcoin is Ready for PUMP to $69,000(at least)

Bitcoin is currently moving near the Potential Reversal Zone(PRZ), the lower line of the ascending channel, and the 100_SMA(4-hour TF).

In terms of Elliott wave theory, Bitcoin seems to be completing wave C. The correction pattern is Zigzag(ABC/5-3-5).

In terms of Classic Technical Analysis, Bitcoin is moving in a Falling Wedge Pattern.

I expect Bitcoin to rise to at least the Resistance zone($69,500_$68,820).

Note: If Bitcoin manages to break the lower line of the ascending channel, we should wait for Bitcoin to attack the support zone ($65,730_$64,180).

Note: An important point you should always remember is capital management and lack of greed.

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

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

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Yorum:

We have to wait for BTC to attack the lower line of the ascending channel.