Bitcoin with ticker BTCUSD is coming down out of the wedge pattern and it looks to have a completed wave (5) of 3, so we should be aware of deeper, higher degree (A)-(B)-(C) corrective setback within wave 4. It can actually retrace the price back to 64k – 59k support zone before we will see a bullish continuation for wave 5 of III.
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On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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