Bitcoin Roadmap==>>BTC will touch $87,000!?

l’altro ieri

After re-entering the Potential Reversal Zone(PRZ)[$95,000-$91,880], Bitcoin(BTCUSDT) started to decline.The PRZ I drew ✅works fine✅.

According to the Elliott wave theory, it seems that main wave 4 can continue. Most likely, its structure can be a Double Three Correction(WXY), so Bitcoin is completing microwave Y of the main wave 4. We can confirm this wave count after breaking the Support lines.

Considering Bitcoin's downward momentum, I expect it to break the Support lines in the coming hours and at least decrease to the Support zone($86,700-$85,000).

Educational tip: We can confirm the descending channel if Bitcoin rises again from the Support zone($86,700-$85,000).

⚠️Note: If Bitcoin touches $91,500 again, it could form a new All-Time High(ATH).⚠️

⚠️Note: If Bitcoin loses the Support zone($86,700-$85,000), we should expect a further decline in Bitcoin.⚠️

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

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l’altro ieri

Nota

As long as Bitcoin does NOT create a new ATH, there is still a chance of a deep correction and a break of the ($86,700-$85,000).

If Bitcoin rises above $95,300 and the Important resistance lines, it is still possible to correct to the ($86,700-$85,000).

With the increase of Bitcoin to above $92,300, the scenario of counting the waves changed.

It seems that the main wave X is a Double Three Correction(WXY). The structure of the waves so far does not show me anything like the rise and break of the important resistance lines.

The Regular Divergence(RD-) between the end of the main wave 3 and the current price is also well visible in all indicators.

l’altro ieri

Trade attivo

In my opinion, the maximum Bitcoin can go up to $96,000 in this rally.

Bitcoin's second attack(Second) on important resistance lines and Potential Reversal Zone(PRZ)[$95,000-$91,880].

Bitcoin is approaching the upper lines of the ascending channels.

The Fear and Greed index of Cryptocurrencies reached the highest value in the last 3.5 years.

Open Interest is on the Top.

When Bitcoin enters the PRZ, I will try to be in a short position.

Please Respect ideas and try to follow your strategy.