โ
Bitcoin managed to break the Uptrend line a few minutes ago.
๐According to the theory of Elliott waves, Bitcoin managed to complete a Zigzag correction pattern(ABC/5-3-5) in the areas above the ๐ดResistance zone($27,000-$26,350)๐ด and near the ๐ฃYearly Pivot Point($26,719))๐ฃ.
๐I expect Bitcoin to go Down in the coming hours and at least drop to the ๐ฏTarget๐ฏ I specified in the chart.
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๐โPositive Newsโ๐:
Bitcoin clean energy usage reportedly exceeds 50% โ Will Tesla start accepting BTC payments?
This 153-Year-Old Bank Giant Will Start Holding Crypto for Clients.
North Korean crypto hacks down 80%, but that could change overnight: Chainalysis
๐โNegative Newsโ๐:
Breaking: FTX Allowed to Sell $3.4 Billion Worth of SOL, XRP, ETH, BTC and Other Coins.
Crypto market outflows reached 55B in August as liquidity dwindled โ Bitfinex.
SEC Accuses Binance US of โNumerous Discovery Failuresโ in Court Filing
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
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