Elliott wave Analysis: BTCUSD Update
|Good morning, Crypto traders!
Bitcoin broke sharply higher yesterday, actually earlier than we expected, but we see Bitcoin now at key levels, because of a three-wave rise a-b-c, which can still be labelled as a wave (B) within expanded or a running flat correction, so we would not be surprised, if we get a sharp drop here from new highs. Don't forget, it's Friday. But if BTC continue sharply higher above 10000, then we may consider that wave 4 is completed and new five-waves rise within wave 5 could be underway.
BTCUSD, 1h
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