After the cryptocurrency market received some good news (such as the settlement with the SEC and BlackRock and etc.), Bitcoin was finally able to break out of its descending channel.
According to the theory of Elliott waves, Bitcoin seems to have started another impulsive wave; now, microwave 5 of the main wave 3 has been completed, and Bitcoin is expected to follow the Pitchfork lines and Fibonacci levels to complete main wave 4.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
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