Bitcoin is moving in the Resistance zone($64,140-$63,820) near 200_SMA(Daily), and it seems that Bitcoin failed to break 200_SMA(Daily) for the second time.
According to the Elliott wave theory in the 15-minute time frame, Bitcoin seems to have finished main wave 3 (extended wave) and is completing main wave 4.One of the signs is the completion of the main wave 4, the support line break.
I expect Bitcoin to fall at least to the Potential Reversal Zone(PRZ). If the 1&4 hour candle closes below $63,000, I expect Bitcoin to break even with the Support zone($62,720-$62,350) and the lower line of the ascending channel.
⚠️Note: If Bitcoin can break above the Resistance zone($64,140-$63,820) this time, I expect Bitcoin to rise to at least $65,400 and even higher.⚠️
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
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