$BTC Rebounds From Support — Can Bitcoin Reach $84,470 Next? Bitcoin reacted well to the Support Zone($81,950-$82,960) and started moving higher from near the Cumulative Long Liquidation Leverage($82,570-$81,800). Technical Analysis From an Elliott Wave perspective, Bitcoin appears to have completed a Five-Wave Bearish Structure, suggesting that corrective waves to the upside could now develop in the short term. I expect Bitcoin to continue moving higher. If price successfully breaks above the key $84,000 trading level, the recovery could extend toward $84,110 and the Cumulative Short Liquidation Leverage($84,820-$84,170). If bullish momentum strengthens, Bitcoin could continue toward $84,470-$84,500. Stop Loss(SL): $82,417(Worst) Which level will Bitcoin reach first: $84,470 or $82,417? #BTC Price Analysis#