Bitcoin Roadmap==>>Short term!!!
2024-12-06

Bitcoin ( BINANCE:BTCUSDT ) started to  pump up  late yesterday with the following  three News  and the  important resistance of $100,000  seems to be broken:

 1- Federal Reserve Chair Jerome Powell: Bitcoin is like gold( OANDA:XAUUSD ), not dollars.

2- President Putin says, “Bitcoin, Digital Assets will continue to develop".

3- 'Who's Laughing Now?' NYC Mayor Eric Adams Boasts About Bitcoin Paychecks 

 ⚠️Note: As I said in previous posts, the crypto market has become more dependent on the news and reacts to any development or news in the world, so capital management should be observed more than before.⚠️ 

Let's now look at the  analysis of Bitcoin after yesterday's pump .

 Bitcoin  is currently moving in the  Potential Reversal Zone(PRZ)  and near the  Support zone($99,600-$98,620) .

According to the theory of  Elliott waves , Bitcoin seems to be  completing wave 4 , and we should wait for the start of  wave 5 . The wave 4 structure is a  Zigzag correction(ABC/5-3-5) .

I expect  Bitcoin  to start increasing again  after the end of wave 4  and attack the  Resistance line . If the resistance line breaks, it can at least go up to the  previous top($104,088) .

 ⚠️Note: We should wait for Bitcoin to fall further if Bitcoin goes below the Support line and the Support zone($99,600-$98,620).⚠️ 

 ⚠️Note: Due to the Sharpie movement of wave 3, BTC may not even create a new All-Time High(ATH) (wave 5 will be Truncated). ⚠️ 

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

Bitcoin Analyze (BTCUSDT), 15-minute 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.