🔨Bitcoin seems to be breaking the Ascending Channel and 🟢Support zone($27,580-$27,300)🟢.
🌊According to Elliott's wave theory, Bitcoin has completed a Zigzag correction(ABC/5-3-5) in the ascending channel, but we have to wait for the next moves to confirm the end of the main wave B.
💡Also, the RSI indicator managed to break the Uptrend line and is currently moving near the 50% line; I expect the RSI indicator to pull back to the Uptrend line.👇
🔔I expect Bitcoin to at least decline to the next 🟢Support zone($26,880-$26,500)🟢 and then rise again and touch the minimum Resistance line again.
Bitcoin Analyze ( BTCUSDT ), Daily time frame ⏰.
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BTC reacted to the Support zone, and SMA(50)
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The 🟢Support zone($26,880-$26,500)🟢 in which Bitcoin is currently moving does not seem to be broken by ONE attack.
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I expect Bitcoin to take an uptrend in the coming hours, at least to $27,200.
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