Bitcoin( BTCUSDT ) is currently trading
near the Support zone($80,600_$79,000) and
Potential Reversal Zone(PRZ)[$81,070-$80,450]
and Support line.
Bitcoin appears to be completing the Bullish
Gartley Harmonic Pattern.
Educational Note: The Bullish Gartley is a
harmonic pattern that signals a potential
reversal in an uptrend after a corrective mOve. It
consists of five points (X-A-B-C-D) and follows
specific Fibonacci retracements, with the
D-point acting as a key buying zone.
Also, we can see the Regular Divergence(RD+)
between Consecutive Valleys.
l expect Bitcoin to rise at least to Cumulative
Short Liquidation Leverage[$83,959-$83,649].
If the Resistance zone($84,130_$81,500) is
broken, we can expect further increases in
Note: If Bitcoin breaks below the Support
zone($80,600_$79,000), we can expect further decline.
Please respect each other's ideas and express
them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
