$BTC Breaks Heavy Resistance — Is $88.8K the Next Target?
Bitcoin appears to have successfully broken above the Heavy Resistance Zone and is now completing a pullback toward the breakout area.
BTC also reacted strongly from the Cumulative Long Liquidation Leverage at $82,300–$83,220, where buyers stepped back in.
This makes the current pullback especially important: if the former resistance successfully turns into support, another bullish leg could begin.
From an Elliott Wave perspective, Bitcoin appears to have completed Primary Wave 4, potentially setting the stage for the next Impulsive Waves.
I expect BTC to move higher toward the nearby Cumulative Short Liquidation Leverage first.
If bullish momentum strengthens, Bitcoin could extend through the upper CME Gap at $87,700–$87,825 and enter the major Potential Reversal Zone (PRZ) at $88,760–$91,860.
Trade Setup
First TP: $86,870
Second TP: $88,810
Stop Loss: $81,770
Long Liquidation Zone: $82,300–$83,220
Upper CME Gap: $87,700–$87,825
Major PRZ: $88,760–$91,860
The key now is whether Bitcoin can turn the broken Heavy
Resistance Zone into new support.
Which level will Bitcoin reach first?
🟢 $88,810
🔴 $81,770
#bitcoin
Bitcoin appears to have successfully broken above the Heavy Resistance Zone and is now completing a pullback toward the breakout area.
BTC also reacted strongly from the Cumulative Long Liquidation Leverage at $82,300–$83,220, where buyers stepped back in.
This makes the current pullback especially important: if the former resistance successfully turns into support, another bullish leg could begin.
From an Elliott Wave perspective, Bitcoin appears to have completed Primary Wave 4, potentially setting the stage for the next Impulsive Waves.
I expect BTC to move higher toward the nearby Cumulative Short Liquidation Leverage first.
If bullish momentum strengthens, Bitcoin could extend through the upper CME Gap at $87,700–$87,825 and enter the major Potential Reversal Zone (PRZ) at $88,760–$91,860.
Trade Setup
First TP: $86,870
Second TP: $88,810
Stop Loss: $81,770
Long Liquidation Zone: $82,300–$83,220
Upper CME Gap: $87,700–$87,825
Major PRZ: $88,760–$91,860
The key now is whether Bitcoin can turn the broken Heavy
Resistance Zone into new support.
Which level will Bitcoin reach first?
🟢 $88,810
🔴 $81,770
#bitcoin
