After breaking out of the down trend recently, bitcoin has found a new trend line and started making its way back up. It has respected the new up trend line a few times and could potentially be forming wave 5 of an Elliot wave.
If we can get a close above 9400 then we should continue up to retest the next resistance at 9700 and hopefully move further up to complete wave 5 above the 10000 mark.
Watching closely.
If we can get a close above 9400 then we should continue up to retest the next resistance at 9700 and hopefully move further up to complete wave 5 above the 10000 mark.
Watching closely.