$BTC Breaks the Heavy Resistance Zone — Can Bitcoin Extend Above $87,000? Bitcoin appears to have successfully broken above the Heavy Resistance Zone and is now completing a pullback toward this area. Price also reacted very well to the Cumulative Long Liquidation Leverage($83,220-$82,300) and started to move higher. Technical Analysis From an Elliott Wave perspective, Bitcoin appears to have completed Primary Wave 4, potentially opening the way for the next Impulsive Waves. The current pullback toward the previously broken Heavy Resistance Zone could act as a retest before another bullish move. I expect Bitcoin to rise toward $86,870 first. If bullish momentum increases, price could reach $88,810 and potentially extend toward the Potential Reversal Zone(PRZ)[$91,860-$88,760]. Stop Loss(SL): $81,770 Upper CME Gap: $87,825-$87,700 Can Bitcoin confirm the breakout and extend above $87,000? #BTC Price Analysis#