Wave Analysis

Perfectly as previously forecasted, Bitcoin established a support around 6455.60 and has since remained above this level. We expect further momentum to the upper side especially if the price break above 9054.0. If this is the case, then We'll expect a possible momentum towards 11620.25 or even higher. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should break beyond 11620.00 to the upper side. This view can only be invalidated in case the price breaks below 7104.13, this being the case, we'll expect a rally towards 6455.68.

Trade Recommendations:

Expect break above 9054.00 to confirm a rally towards 11620.30