⁠Bitcoin needs weekly close above $81K to avoid downside ahe | Samiullah Shaheen on Binance Square

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Samiullah Shaheen

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⁠Bitcoin needs weekly close above $81K to avoid downside ahead of FOMC
A weekly Bitcoin close below $81,000 may invite a deeper correction near $76,000 next week.#BitcoinBounceBack 

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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 Bitcoin. 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.

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#bitcoin #StrategySmallestBTC Hello traders, I want share with you my opinion about Bitcoin. Not long ago, the price was trading within a range, where it quickly entered the seller zone and remained near this area for quite some time. BTC attempted to rise but failed, and after nearly reaching the upper boundary of the range, it dropped sharply. The price broke through the 94000 level, exiting the range as well, and then fell to the support level, which aligned with the buyer zone. Shortly after, the price made a strong upward impulse toward the resistance level before starting a decline within a downward triangle. Inside this pattern, BTC initially made a correction, climbed back to the resistance line of the triangle, and then resumed its decline. Eventually, the price dropped to the 78900 support level, where it touched the triangle's support line and then began to rise. At the moment, BTC continues to climb near this level, and I expect it to rebound from the support line of the triangle and break above the resistance, signaling an exit from the pattern. If this happens, I anticipate further growth, so my target is set at 90000 points. Please share this idea with your friends and family

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