BTCUSD: Monthly BHG Confirmed; Now Targeting $146,000 - $174,000
Updated
Bitcoin after bouncing from a Bullish Cypher PCZ and Breaking out of a Falling Wedge has back tested the wedge as support and has closed bullishly above the backtest and now we have a confirmed Break-Hook-and-Go on the monthly timeframe as well as Hidden Bullish Divergence on the MACD. If this is truly the bottom then I would think Bitcoin is likely to complete an AB=CD BAMM that will take it to a 1.618 Fibonacci Extension which sits at $173,805
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I would suppose that a Bullish Engulfing on this week's candle above the previous ATH Candle Bodies could lead to us completing the rest of this substantial upside move:
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