Bitcoin Elliott Wave Analysis: A Potential Bullish Reversal?
📊 Bitcoin Elliott Wave Analysis: A Potential Bullish Reversal? 🚀
🔎 Chart Overview:
This 4H BTC/USDT chart presents an in-depth Elliott Wave analysis, mapping the current corrective structure and projecting a potential bullish move ahead.
📌 Key Levels & Patterns:
• The price recently completed a WXYXZ complex correction, hitting critical support around 84,988 - 86,182 USDT (marked by purple dotted lines).
• The descending wedge structure suggests a possible trend exhaustion, aligning with the final (z) wave completion.
• Major resistance levels to watch: 92,586 | 97,745 | 101,351 | 106,118 USDT
• If BTC breaks above 101,351 USDT, a strong rally toward the 110,000 USDT high could be in play.
🚀 Bullish Scenario:
• If BTC confirms support above the current low, an impulsive move toward new highs above 110K remains a possibility.
• Breakout above trendline resistance and 101,351 USDT would validate the bullish outlook.
⚠️ Bearish Risk:
• Losing 84,988 USDT support could invalidate the bullish reversal setup, leading to deeper corrections.
📊 Conclusion:
Bitcoin is at a critical decision point—will the correction end here, or will another leg down emerge before the big move? Keep an eye on key resistance and support levels for confirmation.
📈 What’s your BTC target for March? Drop your thoughts below! 👇
🔎 Chart Overview:
This 4H BTC/USDT chart presents an in-depth Elliott Wave analysis, mapping the current corrective structure and projecting a potential bullish move ahead.
📌 Key Levels & Patterns:
• The price recently completed a WXYXZ complex correction, hitting critical support around 84,988 - 86,182 USDT (marked by purple dotted lines).
• The descending wedge structure suggests a possible trend exhaustion, aligning with the final (z) wave completion.
• Major resistance levels to watch: 92,586 | 97,745 | 101,351 | 106,118 USDT
• If BTC breaks above 101,351 USDT, a strong rally toward the 110,000 USDT high could be in play.
🚀 Bullish Scenario:
• If BTC confirms support above the current low, an impulsive move toward new highs above 110K remains a possibility.
• Breakout above trendline resistance and 101,351 USDT would validate the bullish outlook.
⚠️ Bearish Risk:
• Losing 84,988 USDT support could invalidate the bullish reversal setup, leading to deeper corrections.
📊 Conclusion:
Bitcoin is at a critical decision point—will the correction end here, or will another leg down emerge before the big move? Keep an eye on key resistance and support levels for confirmation.
📈 What’s your BTC target for March? Drop your thoughts below! 👇
🔎 Chart Overview:
This 4H BTC/USDT chart presents an in-depth Elliott Wave analysis, mapping the current corrective structure and projecting a potential bullish move ahead.
📌 Key Levels & Patterns:
• The price recently completed a WXYXZ complex correction, hitting critical support around 84,988 - 86,182 USDT (marked by purple dotted lines).
• The descending wedge structure suggests a possible trend exhaustion, aligning with the final (z) wave completion.
• Major resistance levels to watch: 92,586 | 97,745 | 101,351 | 106,118 USDT
• If BTC breaks above 101,351 USDT, a strong rally toward the 110,000 USDT high could be in play.
🚀 Bullish Scenario:
• If BTC confirms support above the current low, an impulsive move toward new highs above 110K remains a possibility.
• Breakout above trendline resistance and 101,351 USDT would validate the bullish outlook.
⚠️ Bearish Risk:
• Losing 84,988 USDT support could invalidate the bullish reversal setup, leading to deeper corrections.
📊 Conclusion:
Bitcoin is at a critical decision point—will the correction end here, or will another leg down emerge before the big move? Keep an eye on key resistance and support levels for confirmation.
📈 What’s your BTC target for March? Drop your thoughts below! 👇
🔎 Chart Overview:
This 4H BTC/USDT chart presents an in-depth Elliott Wave analysis, mapping the current corrective structure and projecting a potential bullish move ahead.
📌 Key Levels & Patterns:
• The price recently completed a WXYXZ complex correction, hitting critical support around 84,988 - 86,182 USDT (marked by purple dotted lines).
• The descending wedge structure suggests a possible trend exhaustion, aligning with the final (z) wave completion.
• Major resistance levels to watch: 92,586 | 97,745 | 101,351 | 106,118 USDT
• If BTC breaks above 101,351 USDT, a strong rally toward the 110,000 USDT high could be in play.
🚀 Bullish Scenario:
• If BTC confirms support above the current low, an impulsive move toward new highs above 110K remains a possibility.
• Breakout above trendline resistance and 101,351 USDT would validate the bullish outlook.
⚠️ Bearish Risk:
• Losing 84,988 USDT support could invalidate the bullish reversal setup, leading to deeper corrections.
📊 Conclusion:
Bitcoin is at a critical decision point—will the correction end here, or will another leg down emerge before the big move? Keep an eye on key resistance and support levels for confirmation.
📈 What’s your BTC target for March? Drop your thoughts below! 👇
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.