Bitcoin Just Reclaimed $68,000 β€” Breakout Confirmation Next?

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Bitcoin Just Reclaimed $68,000 β€” Breakout Confirmation Next?Bitcoin / TetherUSBINANCE:BTCUSDTpejman_zwinAfter the military tensions in the Middle East began, Bitcoin(BTCUSDT) initially moved lower. However, as the situation stabilized, the market regained confidence β€” and BTC started to recover. Now, Bitcoin has successfully broken the key $68,000 trading level and is currently attempting to break the upper lines of a symmetrical triangle. From an Elliott Wave perspective, it appears that BTC is completing microwave C of the main wave Y. In addition, Bitcoin maintains a strong correlation with the SPX500 index(SPX500). Since SPX500 has been pumping strongly in recent hours, this increases the probability of further upside for BTC. I expect Bitcoin to break the upper lines of the symmetrical triangle and potentially move toward at least $70,881. Will BTC successfully confirm the breakout and continue higher? First Target: $70,881 Second Target: $72,273 Third Target: Cumulative Short Liquidation Leverage($74,560-$72,440) Stop Loss(SL): $66,956 Points may shift as the market evolves Cumulative Long Liquidation Leverage: $68,480-$67,760 Cumulative Long Liquidation Leverage: $64,440-$63,750 πŸ’‘ Please respect each other's opinions and express agreement or disagreement politely. πŸ“ŒBitcoin Analysis (BTCUSDT), 4-hour time frame. πŸ›‘ Always set a Stop Loss(SL) for every position you open. βœ… This is just my idea; I’d love to see your thoughts too! πŸ”₯ If you find it helpful, please BOOST this post and share it with your friends.