Apparently, bitcoin's forming a motive wave that might head us to the 70.000usd zone. It's also trying to find support at the 0.618 level of the fibonacci extension.
On the other hand, if we look at the graph on a daily time frame we may be at the end of a wave B of an ABC corrective pattern, indicating the start of a wave C that may take us back to the 50.000usd zone.
Nevertheless, due to the bullish scenario involving bitcoin's price I personally think we are heading to 70.000usd and far beyond.
What do you think?
On the other hand, if we look at the graph on a daily time frame we may be at the end of a wave B of an ABC corrective pattern, indicating the start of a wave C that may take us back to the 50.000usd zone.
Nevertheless, due to the bullish scenario involving bitcoin's price I personally think we are heading to 70.000usd and far beyond.
What do you think?