Bitcoin Bullish Bat Harmonic Forming – Breakout Imminent!?

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Bitcoin(BTCUSDT) then reached $85,500, as I expected in my previous post.

Today, I want to share with you a short-term analysis of Bitcoin, and Bitcoin can break the Important Resistance line!

Bitcoin is trading near the Support zone($83,880-$82,380) and Support lines.

Bitcoin is likely to start rising again with the help of the Bullish Bat Harmonic Pattern.

I expect Bitcoin to start rising again either with the help of the Bullish Bat Harmonic Pattern or near the Support lines and Cumulative Long Liquidation Leverage($82,426-$81,439). The first target could be the important resistance line, and if it breaks, it looks like Bitcoin could break the resistance zone ($87,520-$85,840) as well.

Cumulative Short Liquidation Leverage: $86,624-$85,486

Note: To break the Important Resistance line, we need a candle with high volume at least on the 4-hour time frame, like the Bullish Marubozu candle; otherwise, it is probably we will see fake break. Since this line is of great importance, it is better to look for a confirming candle on the 4-hour time frame as well (even a Doji candle with a small green body).

Note: If Bitcoin falls below $81,000, we can expect further declines.

Do you think Bitcoin can break the Important Resistance line!?

Please respect each other's ideas and express them politely if you agree or disagree.

Bitcoin Analyze (BTCUSDT), 15-minute time frame.

Be sure to follow the updated ideas.

Do not forget to put a Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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Transaction en cours

Trade was activated when BTC touched Support zone($83,880-$82,380)

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Trade fermée: cible de profit atteinte

Target Done