Bitcoin Analysis==>>End of Rally!!
2024-09-27

Bitcoin  moved as I expected in the  previous post  and started to rise after breaking the  Resistance zone($64,140-$63,820) .

 Bitcoin was accompanied by two pieces of good news in the last 24 hours: 

 PayPal Opens Crypto Trading for US Businesses.

BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb. 

 Bitcoin  is moving in the  Resistance zone($67,380-$64,880)  near the  Potential Reversal Zone(PRZ)  and in the  Time Reversal Zone(TRZ) .

According to the theory of  Elliott waves ,  Bitcoin  seems to be completing  microwave 5  of the  main wave C . ( Actually, I think Bitcoin is still in corrective waves ).

Also,  Regular Divergence (RD-)  between  Consecutive Peaks .

The  CRYPTOCAP:USDT.D   chart is moving in the  Heavy Support zone , near the  Support lines  and the  lower line of the Descending Channel . I expect  USDT.D%  to attack at least the  upper line of the descending channel  in the coming hours.

As a result, I expect  Bitcoin  to decline to at least the  lower line of the ascending channel  and  Fill the CME GAP   CME:BTC1!  , and if this line and  Support zone($64,140-$63,820)  are broken, we should expect Bitcoin to decline to at least  $63,000 .

⚠️ Note: If Bitcoin breaks the Resistance zone($67,380-$64,880), we can expect BTC pump to near $69,000. ⚠️

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

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