Bitcoin’s Next Move – Another Attack on Resistance zone?

Bitcoin() fell to $83,400 as I expected in the previous analysis, the question is whether Bitcoin will continue to decline or not.

Please stay with me.

Bitcoin is moving in the Support zone($84,120_$81,500) and near the Support lines. The way Bitcoin has moved and decreased since yesterday until now has been such that it seems that Bitcoin can attack the Resistance zone($87,100_$85,800) at least once more.

In terms of Elliott Wave theory, given Bitcoin’s movements over the past few hours, it appears that Bitcoin is completing a microwave B of the main wave Y.

I expect Bitcoin to be able to attack the Resistance zone($87,100_$85,800) once again and if it breaks, I have marked the next targets on the chart.

Do you think Bitcoin can touch $90,000 again?

Note: If Bitcoin goes below $81,800, we can expect more dumps.

Please respect each other's ideas and express them politely if you agree or disagree.

Bitcoin Analyze (BTCUSDT), 2-hour time frame.

Be sure to follow the updated ideas.

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Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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Trade active

Trade was activated in the Support zone($84,120_$81,500)

Note

As you know, trading volume is generally low on Saturdays and Sundays, and we probably shouldn't expect any major moves from Bitcoin.

Bitcoin's recent moves seem to be in line with the Wyckoff Accumulation Pattern, which currently suggests that Bitcoin has completed the TEST phase. Do you agree with me? (Note: The Spring part may not form in the Wyckoff accumulation pattern).

On the other hand, Bitcoin broke through the resistance line, although this break or breakthrough did not happen with high momentum, but it is generally a good sign. (The low momentum or volume of the break could be due to the weekend).

Trade closed: target reached

My Target Done

Note

Full Target Done, The Wyckoff Accumulation Pattern worked well

pejman_zwin

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