BTC/USD - Bullish Fractal Forming

12. Aug. 2020

The price of Bitcoin has been forming a bullish fractal like the one made from the 8th of May until the 25th of May which as it turned out was the 4th wave of the higher degree count and ended with an impulsive breakout to the upside. The current one is then most likely as lower degree 4th wave which is why we could be anticipating another breakout above $12000 horizontal level which repealed the price on Monday. If this occurs the most significant target would be the high made in June last year at around $13800.