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As I expected, Bitcoin fell to the ๐กPrice Reversal Zone(PRZ)๐ก at the weekend.
๐กBitcoin has succeeded in forming a Falling Wedge Pattern.
๐กAlso, we can see a Regular Divergence(RD+) between two successive valleys.
๐According to the theory of Elliott waves, Bitcoin seems to have completed wave 5 in in ๐กPrice Reversal Zone(PRZ)๐ก
๐I expect Bitcoin to start rising from the ๐กPrice Reversal Zone(PRZ)๐กin the coming hours after breaking the upper line of the Falling Wedge Pattern and at least rise to the ๐ดResistance zone($26,800-$26,680)๐ด.
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๐โPositive Newsโ๐:
South Korean City Aims to Become a Leading Blockchain Hub with $75 Million Investment.
๐โNegative Newsโ๐:
Coinbase holds 5% of all Bitcoin in existence: Data.
Mixin Network Losses Nearly 200M in Hack.
North Korean Lazarus Group amasses over FWB: 40M in Bitcoin, data reveals
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Bitcoin Analyze ( BTCUSDT ), 1-hour time frame โฐ.
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