Wave Analysis

Few days ago, bitcoin attempted a break below 5911.46 but could not remain below it. We expect the rebound from this support to have marked the end of the impulsive wave (v) that the current bullish price rally is the unfolding of an another impulsive five wave cycle but should not go beyond 12733.00. This view can only be invalidated in case the price breaks below 6390.01, and even then, we'll be waiting for another break below 5911.46 to confirm further rally to the lower side with an ultimate target at 5,000.00.

Trade Recommendations:

Looking for long positions towards 12733.80

101% Double the volume