Bullish Quasimodo in Play – Bitcoin’s Next Target: $84,500?Bitcoin ( BINANCE:BTCUSDT ) attacked the Resistance zone($84,130_$81,500) again as I expected yesterday . Has Bitcoin given up or is it gathering momentum to attack the resistance zone again? What do you think?
Bitcoin is moving near Yearly Pivot Point and Cumulative Long Liquidation Leverage($80,537_$78,390) .
From Elliott Wave theory , Bitcoin appears to be completing an Expanding Flat(ABC/5-3-5) corrective wave .
According to the Price Action , Bitcoin appears to be completing the Bullish Quasimodo Pattern .
Educational Note : The Bullish Quasimodo Pattern is a reversal pattern that signals a potential uptrend after a downtrend. It forms when the price creates a lower low followed by a higher high and a higher low, confirming a shift in market structure.
I expect Bitcoin will NOT leave the CME Gap($86,400_$84,650) unfilled and will rise to at least $84,500 .
What do you think, will Bitcoin leave this CME Gap($86,400_$84,650)?
Note: If Bitcoin falls below $78,800, we should expect further declines.
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Bitcoin Analyze (BTCUSDT), 1-hour time frame.
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