Bitcoin is Ready to Crash Again!!!
2024-10-05

Bitcoin  is currently moving near the  Resistance zone($62,860-$62,110)  and  21_SMA(Weekly)  and  200_SMA(Daily) .

According to the  Elliott wave theory , Bitcoin seems to be completing  main wave 4 . The structure of the  main wave 4  appears to be an  Expanding Flat Correction(ABC/3-3-5) .

I expect  Bitcoin  to break down to the  Support zone($60,000-$59,100)  once again.

 ⚠️Note: Considering that the Trading Volume is usually low on Saturday and Sunday, it is more reasonable to expect the Support zone($60,000-$59,100) to break at the beginning of next week. Of course, the tension between Iran and Israel can change the scenario at any moment, and the support zone will be broken.⚠️ 

 ⚠️Note: If Bitcoin breaks the Resistance zone($62,860-$62,110) and  21_SMA(Weekly) , we can expect the BTC pump to near $65,000.⚠️ 
 

In  previous posts , I tried to show you the  Bitcoin roadmap  step by step; I hope it was useful.

Bitcoin Analyze (BTCUSDT), 4-hour 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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