Bitcoin Analysis==>>Where is the End of the Rally!?

2024年11月11日

Bitcoin(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)[$105,180-$92,550], the Resistance lines, the middle line of Pitchfork, and the Time Reversal Zone(TRZ)[11 Nov-30 Dec].

According to the Elliott wave theory, Bitcoin is near to completing the Main wave 5 in PRZ[$105,180-$92,550].

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)[$105,180-$92,550]⚠️==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).

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2024年11月12日

交易進行

BTC started to go down after touching Resistance lines.