Bitcoin’s Next Move: Long Setup or Deeper Correction Below $95K?
2025-01-27
Category: None

As I expected ,  Bitcoin ( BINANCE:BTCUSDT ) continued to fall to the  Support zone($101,280-$99,500) , and it even  seems that it has broken .

Bitcoin is moving near the  Support zone($101,280-$99,500) , a  set of support lines , the  50_SMA(Daily) , and the  Monthly Pivot Point .

According to the theory of  Elliott waves ,  Bitcoin  seems to have completed the  main wave 3  and is completing the  main wave 4 .

I expect  Bitcoin  to follow the  Roadmap  I outlined in my chart in the  coming hours . Because  Bitcoin  is near the set of  support parameters , I chose the label of this idea as  LONG .

 Note: Like the previous Mondays, the purchase MicroStrategy company continues buying Bitcoin=>"MicroStrategy Buys 10,107 Bitcoin For $1.1 Billion." 
 
 Note: If Bitcoin can touch $104,200, it will fill the CME Gap($105,500-$104,695) in the next step, and it is possible to form a new All-Time High(ATH). 

 Note: If Bitcoin goes below $95,000, we should expect more corrections from Bitcoin. 

 Has the main Correction of Bitcoin started!? Please share your ideas in the comments. 

 Please respect each other's ideas and express them politely if you agree or disagree. 

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

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