Bitcoin Analysis==>> Short term!!!
2024-10-11

In the previous posts ✅, we found the  Top  and  Bottom  of the  rally , which started at  $59,830  and continued up to  $64,470 .

 Bitcoin (  BINANCE:BTCUSDT  ) is currently moving near the  Support zone ($60,000-$59,100)  and  Potential Reversal Zone(PRZ) .

I also expect  Bitcoin  to make  Regular Divergence (RD+)  after touching the  Support zone ($60,000-$59,100) .

According to  Elliott's wave theory , Bitcoin seems to be  completing wave 5 .

I expect  Bitcoin  to rise above the  Support zone ($60,000-$59,100)  at least to my  First target  as shown on the chart( around $61,000 ).

 ⚠️Note: If Bitcoin breaks the Support zone($60,000-$59,100), we can expect Bitcoin to go down more=first step will be $58,000.⚠️ 

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.

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