Wave Analysis

After breaking above the 7104.11, Bitcoin has been in a constant up trend and is still pretty much bullish both on the daily and the weekly charts, as long as the price remains above 7104.11, we expect a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave c) to the upper side and should break above 9054.00 towards 11620.25 or even higher. On the hourly chart attached, only long positions looks more ideal, however, should the price break below 7104.11, then this will be a good place for a sell.

Trade Recommendations.

Remain long towards 11620.35