BTC completed a 5 wave cycle, and looks to be completing an ABC correction. The lower daily Bollinger Band usually provides good price support and big volume came in and created a spinning top on a 1hr chart. After the ABC correction, the next 5 wave impulse could push price to the supply in the market around 55k.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.