Long 🟢 : $BTC Price Analysis: Potential Reversal Zone and Upside to $70,000
Bitcoin has started to rise as predicted and hit the first target. It is currently within the heavy support zone and near the Potential Reversal Zone and Cumulative Long Liquidation Leverage. Based on Elliott Wave theory, Bitcoin is expected to rise to at least $70,211 with a Stop Loss at $64,659. Market conditions may cause fluctuations in the points mentioned.
🧠 Conservative Breakout Pullback
🟡 Entry Price: $67,900
🔴 Stop Loss: $64,659
🟢 Take Profit: $70,211
💡 Price is bouncing from a heavy support and potential reversal zone, with Elliott Wave structure suggesting a new upward impulse. The stop loss is set just below cumulative long liquidation, and take profit targets the next resistance and liquidation zone.
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