Bitcoin Analysis ==>>Ready for Correction!!!
2024-12-13
Category: None

Bitcoin ( BINANCE:BTCUSDT ) is moving in the  Resistance zone($102,280-$101,000) . (We saw the  fake break ).

According to the  theory of Elliott waves , it seems that  Bitcoin  has succeeded in completing  5 impulsive waves , and we should wait for  corrective waves .

 Signs  of the completion of the  main wave 5  in the one-hour time frame:

1-BTC  broke the Uptrend lines .

2- Shooting Star Candlestick  Pattern formation

3- Regular Divergence(RD-)  between Consecutive Peaks.

I expect  Bitcoin  to fall to at least the  Support zone($99,600-$98,000)  in the  coming hours .

 ⚠️Note: If Bitcoin goes above $102,540, we should expect a new All-Time High(ATH).⚠️ 

 ⚠️Note: If the Support zone($99,600-$98,000) is broken, we should wait for Bitcoin to fall at least to $96,500.⚠️ 

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

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