Wave Analysis

Bitcoin is still stagnating above 5911.46. As long as the price is contained above this level, we still expect to see a rally to the upper side. The anticipated bullish price rally should be the unfolding of a five wave cycle but should not go beyond 12733.89, if this target is broken, then the price will likely rally further upwards with the next target at 16932.23. This view will only be invalidated in case the price breaks below 5913.46, this being the case, we'll expect a rally to the lower side but should not go beyond 4521.00.

Trade Recommendation.

Still bullish as long as the price remains aboe 5911.46

101% Double the volume