Forex - Bitcoin Wave Analysis - June 5, 2025
Bitcoin: ⬇ Sell - The broken support area of Bitcoin - likely to drop to support level 98,000.00. Recently, the Bitcoin Cryptocurrency broke the support area between the main support level of 102150.00 (which has reversed the price several times since early May) and 50% of the Fibonacci correction of last month's upward defense. The acceleration of the breakout from this support area to the active short-term ABC correction began earlier from the multiple-month resistance level of 110,000.00. Bitcoin Cryptocurrency is expected to drop to the next support level of 98,000.00 (a strong previous resistance from February).
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