Bitcoin Analysis==>>First Attack Will Fail!?
2024-11-13

Bitcoin ( BINANCE:BTCUSDT ) is moving near the Potential Reversal Zone(PRZ)  and  Important Resistance lines .

I don't expect Bitcoin to be able to  break the important resistance lines in the first attack .  What do you think !?

 Bitcoin  managed to form a  New All-Time High  again today.

According to the  Elliott wave theory , Bitcoin seems to be completing the  main wave 3 or even main wave 5  in the  1-hour time frame , which can end in a  Potential Reversal Zone(PRZ) .

I expect Bitcoin to drop to  Cumulative Long Liquidation Leverage  and then to  $88,000  in the  coming hours .

 Fear and Greed Index is Extreme Greed (84-87). 

For a  better understanding , I suggest you look at the  analysis below in the weekly time frame .👇


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

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