$BTC

#Bitcoin Chart Analysis for #Todays

Bitcoin has failed to rise from a crucial point where additional upward momentum was needed. Here are four scenarios to consider for the chart analysis:

1. Progressing with a WXY wave -> After the Y wave completes with an ABCDE pattern, a rise will follow.

2. Two impulsive upward movements -> A rise occurs as long as the price doesn’t fall below $52,700.

3. Completing an ABCDE to form an impulsive upward movement, similar to the green line.

4. The final Y wave concludes with an ABC, forming a 5-3-5 pattern, leading to a drop to around $44,000.

Common Bounce Zones: A bounce is expected around the

yellow line in the second scenario and the green line in the third

scenario.

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