The price of Bitcoin has fallen by 7% to $100,544, in line with the Elliott Wave analysis by Crypto Patel. The ongoing correction, known as Wave 4, has highlighted key support levels for Bitcoin and has led analysts to predict a potential recovery with highs between $120,000 and $135,000. The primary support level is $98,000, with a secondary range between $96,000 and $98,000. If the price drops below $96,000, it might fall further to $90,048. Crypto Patel advises caution and avoiding high-leverage trades at critical support levels. Traders are encouraged to wait for Wave 4 to finish before taking long positions. Despite short-term volatility, Bitcoin's long-term potential remains positive, with a projected surge after Wave 4 ends. Traders must navigate the current volatility to position themselves for the expected rally to new highs.



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