Bitcoin Roadmap=>Short-term!!!
2024-12-27
Category: None

As I expected,  Bitcoin ( BINANCE:BTCUSDT ) once again attacked the  50_SMA(Daily)  but  failed to defeat it .

 Bitcoin  is currently moving near  Heavy Support zone($95,000-$90,870) ,  Support zone($96,620-$95,520)  and  Potential Reversal Zone(PRZ) .

According to the theory of  Elliott waves ,  Bitcoin  seems to have succeeded in completing the  main wave 4 . To  confirm the end of the main wave 4 , we need to confirm the  break of the 50_SMA(Daily) .

It also seems that  Bitcoin  in  microwaves  should experience an  upward movement  in the coming hours.

I expect  Bitcoin  to at least rise to the  Targets  I have specified in the chart.

 ⚠️Note: If Bitcoin goes below the 50_SMA(Daily), we can expect a break of the Heavy Support zone($95,000-$90,870).⚠️
 

 ⚠️Note: In general, the analysis is short-term, and holding a long position for targets above the Resistance zone($100,000-$98,130) is a little risky.⚠️ 

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

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