Bitcoin at the beginning of wave 5?!
According to the chart, it seems that Bitcoin has completed corrective wave 4. Also, according to the chart, it has made a five-wave upward, which seems to be the first wave of the new upward trend of this currency. And after that, we see a clear ABC flat corrective pattern that hit the support area of the Fibonacci levels and reacted well. With these explanations, I expect the price to rise to at least the 53,500 range, which is where the 127% level of the external Fibonacci of wave 4 is located, which is also likely to rise to higher areas according to the market conditions.
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