Bitcoin Analysis==>>Descending Scallop Pattern!!!
2025-01-13
Category: None

As I expected in the  previous post ,  Bitcoin( BINANCE:BTCUSDT )  again attacked the  Heavy Support zone($93,400-$90,000) .

 Bitcoin  is trying to break the  Heavy Support zone($93,400-$90,000) . What do you think?  Can Bitcoin finally break the Heavy Support zone($93,400-$90,000) or not!? 

According to the theory of  Elliott waves ,  Bitcoin  seems to be in the  next five downward waves  after completing the  corrective pattern , and  these five waves  can break the  Heavy Support zone($93,400-$90,000) .

From the point of view of  Classic Technical Analysis , it seems that  Bitcoin  is forming a  Descending Scallop Pattern  to break the  Heavy Support zone($93,400-$90,000) , which can cause the break of  this heavy zone .

Looking at the chart of  USTD.D% ( CRYPTOCAP:USDT.D ), we can see the  Inverse Head and Shoulders Pattern  that can cause  USTD.D% to increase , which in turn causes  Bitcoin  and  other tokens to decrease .

I expect  Bitcoin  to soon  break the Heavy Support zone($93,400-$90,000)  given the above description, and Bitcoin will fall to the  Targets  I have specified on my chart.

My  medium-term view of Bitcoin  on the chart I shared with you on  January 7, 2025. 👇


 ⚠️Note: If Bitcoin goes above $94,500, we can expect more Pumps.⚠️. 

 ⚠️Note: There is a possibility that Bitcoin will drop sharply and make a long shadow.⚠️.
 

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

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