Bitcoin with ticker BTCUSD is coming and moving nicely higher as expected, after Donald Trump won US elections, so coin remains in a strong bullish five-wave impulse with room even up to 130k-150k area. We talked about a bigger weekly cycle a week ago and we also shared an article. CLICK HERE
Price came nicely higher out of a recent wave (4) triangle consolidation into wave (5) of an extended wave 3 in the 4-hour chart, as Donald Trump has appointed Paul Atkins, a pro-crypto former SEC commissioner, to lead the SEC. After reaching 100k area, we can now see it slowing down as warned, but it can be just a higher degree wave 4 correction before a bullish continuation for wave 5.
www.wavetraders.com
For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on Monday December 09 2024:
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