Bitcoin Analysis==>> Last Chance for Breaking!!!
2024-10-28

Bitcoin ( BINANCE:BTCUSDT ) is still moving in the  Resistance zone($70,080- $68,250)  and is  trying  to break this zone. 

 Will Bitcoin break the Resistance zone($70,080- $68,250) !? Your Idea❓ 

Also,  Bitcoin  is likely to form an  Ascending Channel  in the  1-hour time frame , we have to wait to see if  Bitcoin  can form the  second top or not .

According to the theory of  Elliott waves , Bitcoin seems to be forming  5 more impulse waves after completing  the  Corrective Structure(Double Three Correction(WXY)) . Currently, Bitcoin is  completing wave 3 , and  wave 5  could be  above  the ascending channel (possible).

I expect  Bitcoin  to at least drop to the  Support zone($68,420- $67,850)  and fill the  First   CME Gap($68,395- $68,425)  and then  rise again .

 🔔 Note: Bitcoin is generally in a sensitive price zone, and I think this is the last chance for Bitcoin to break the resistance zone. Tensions in the Middle East and a series of other factors that I will try to share with you in the next post (Prevent Bitcoin's increase and the formation of a new All-Time High(ATH)).
 

 ⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250), it will increase to at least $72,000.⚠️ 

 ⚠️Note: If Bitcoin goes below the Support zone($68,420- $67,850), we should expect more dumps.⚠️ 

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

 🔔Be sure to follow the updated ideas.🔔 

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

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

 Please do not forget the ✅'  like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
