Bitcoin Analysis==>>Where is the End of the Rally!?
2024-11-12

Bitcoin ( BINANCE:BTCUSDT ) was able to start a  new rally  after breaking the  upper line  of  Descending Broadening Wedge Pattern .

 Bitcoin  is moving near the  Potential Reversal Zone(PRZ) , the  Resistance lines , the  middle line of Pitchfork , and the  Time Reversal Zone(TRZ) .

According to the  Elliott wave theory , Bitcoin is near to  completing the Main wave 5  in  PRZ .

Also,  Regular Divergence(RD-)  between Consecutive Peaks in  MACD  and  RSI    Indicators .

I expect  Bitcoin  will decrease after touching the Resistance lines to fill the important  CME Gap($77,360-$80,670) .

 ⚠️Note: We can expect more pumps if Bitcoin breaks the Potential Reversal Zone(PRZ) ⚠️==Low possible. 

 What is your idea of Bitcoin being able to touch $100,000 during the current week❗️❓ 

Bitcoin Analyze (BTCUSDT), Weekly 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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