🚨 Bullish Scenario: Bitcoin in a weekly time frame so that maybe it can give us a good view of the continuation of Bitcoin's movement.

🏃‍♂️If you look at the chart, Bitcoin is moving in the Ascending Channel in the weekly time frame, the ascending channel I have drawn seems to be a valid channel, so that the middle line of the ascending channel has played the role of resistance and support well.

🏃‍♂️Bitcoin is moving near the ascending channel's midline, the pitchfork line, the Resistance lines, and the 🟡Potential Reversal Zone(PRZ)($82,800-$73,200)🟡➡️So it shows that Bitcoin is facing an Important Resistance(Supply zone).

⚖️If we look at the chart, it looks like we can expect similar moves before the 2020 Halving. Move 1 is similar to move 3, and moves 2 and 4 are similar, so if we want to expect similar moves, Bitcoin should start correcting. And until the 38.2% and 50% Fibonacci corrections (we should NOT consider the decrease of Bitcoin in Covid). I have drawn the possible move for you in the chart pinned on the comment session. Below👇

🌊According to the theory of Elliott waves, Bitcoin can follow two scenarios, and it depends on future events and news. The scenario is as follows:

🚀Bullish scenario (more likely due to Halving, ETF, etc): Bitcoin has completed the main wave 3 at $73,777, and we should wait for the start of the main wave 4 and then increase towards $87,000-$99,000-$112,000.

"FOR BEARISH SCENARIO WILL BE IN THE NEXT POST 📯"

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