Wave Analysis

In the recent past, Bitcoin sat upon the 4 hour support level 8606.06 and could not break below, as long as the price remains above this level, we expect a possible momentum to the upperside. The anticipated bullish price rally is the continuation of both the impulsive waves (v), and (c) to the upperside and should break above the next resistance level 10073.03 towards 11654.45 or even higher. This view will only be invalidated in case the price break below 8605.06, this being the case, we'll expect a momentum towards 7104.11.

Trade Recommendations

We're long towards 10073.03