Bitcoin has managed to break the Resistance zone($55,720-$54,550) and the Descending Channel.
According to the Elliott wave theory, Bitcoin seems to have completed the Double Three Correction(WXY) in the descending channel.
I expect Bitcoin to rise to at least the First Target and the width of the broken-descending channel.
Note: If Bitcoin goes below the Resistance zone($55,720-$54,550), we should expect Bitcoin to dump to $51,000(at least).
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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