During the previous trading day, Bitcoin broke out above the hour resistance line 6478.11 and is still pretty much above this level, As long as the price is contained above this level, we expect further momentum to the upperside, the anticipated bullish price rally is the unfolding of an impulsive wave count to the upperside and should break above 6814.84 towards 7346.75 or even higher. If you’re not in a long position already, you can wait for a correction towards 6478.14 to pick a long term long position.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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