$BTC Rejected at Resistance — Is Another Move Below $80,000 Coming? Bitcoin resumed its bullish move as financial markets opened, but selling pressure returned near the Resistance Zone($81,950-$82,960), the Resistance Lines, and the key $83,350 trading level. Technical Analysis From an Elliott Wave perspective, Bitcoin appears to have completed a Zigzag Correction(A-B-C), suggesting that another Bearish Wave could now begin. I expect Bitcoin to continue lower. A temporary reaction could develop near $81,550, but renewed selling pressure may then push price toward the Cumulative Long Liquidation Leverage($79,650-$80,800). First Take Profit(TP): $81,823 Second Take Profit(TP): ($79,650-$80,800) Stop Loss(SL): $83,420(Worst) Middle East geopolitical developments remain an additional volatility risk. Which level will Bitcoin reach first: $79,650-$80,800 or $83,420? If you found this analysis useful, follow for more. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#