I assume that Bitcoin’s correction has ended, and we are now forming the first five-wave structure as an upward impulse. Currently, we are in the third wave on a lower timeframe, which suggests strong bullish momentum.
A breakout and consolidation above wave B will serve as confirmation for the bullish scenario, potentially paving the way for a new all-time high (ATH).
A breakout and consolidation above wave B will serve as confirmation for the bullish scenario, potentially paving the way for a new all-time high (ATH).
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Disclaimer
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.