Bitcoin Roadmap!!!(New ATH)
2024-11-07

Bitcoin( BINANCE: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) ; 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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