With the start of the new week and the good news that came during the weekend, Bitcoin(BTCUSDT) began to pump again and successfully created a new All-Time High(ATH).
Bitcoin has already managed to break the Resistance zone($104,280-$103,340).
According to Elliott's wave theory, Bitcoin seems to be completed wave 4; we should wait for Bitcoin to rise again. The structure of wave 4 is of the Double Three Correction type(WXY). Bitcoin is currently completing wave 5.
Also, USDT.D%(USDT.D) managed to break the Support lines and the Support zone(4.00%-3.90%) (on the chart it is currently the Resistance zone) and we have to wait for another attack on the Next Support zone(3.82%-3.77%). A drop in USDT.D% can make Bitcoin rise.👇 I expect Bitcoin to start rising again after the completion of microwave 4 of wave 5. Bitcoin's Targets can be:
🎯$107,320 - $106,967🎯
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Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
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Trade ativo
The target of the long position is touched as it is in the post's text.
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