Wave Analysis

Not much happening on this crypto, Bitcoin barely moved an inc towards our previously forecasted direction. We still expect a possible drop towards the daily support level 5857.03 to pick a long term long position with an ultimate target at 11383.75. This view can only be invalidated in case of a clear breakout below 5857.03, if this is the case, then further bearish price rally is expected. You could wait for a decline towards 5857.03 to pick a long position, or a clear breakout below 5857.03 to pick a long term short position.

Trade Recommendations:

Buy Bitcoin from 5857.03

101% Double the volume