$BTC #BTCBreaksATH
📊 Technical Analysis of Bitcoin - Hourly Frame (1H)
🔍 A quick look at the upcoming price movement
In this analysis, we observe a strong breakout of the Bitcoin (BTC) price after a period of horizontal accumulation. The upward trend is confirmed by a clear breakout of the resistance area, with strong support from EMA and VWAP indicators.
✅ Analysis Points:
1. The price formed a strong impulse wave (Wave 1).
2. We expect a short corrective movement (Wave 2) within a price channel before continuing to rise.
3. After that, we may witness a new impulse wave (3), followed by a minor correction (4), and then a final push upward (5).
4. The potential target for the fifth wave may reach levels of 120,000 – 122,000 USDT.
📉 Near Support: 115,800 USDT
📈 Next Resistance: 122,000 USDT
📌 Note: The analysis is based on the Elliott Waves pattern and shows optimism about the upcoming movement, but real-time monitoring and risk management are essential amid market fluctuations.
💬 Share your opinion with me, do you agree with this scenario?
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