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After dip, Bitcoin eyes $83K

After dip, Bitcoin eyes $83K
Gregor HorvatGregor HorvatWavetraders

Bitcoin is on the rise. Notice that price is breaking the upper line of a base channel, which confirms that we are still in the wave three extension, so more upside could follow. There is some near-term resistance around 78/80k, where market can once again slow down and see a setback into black subwave 4. Support is at 75465 followed by 72k area from where we can expect more upside into wave 5 of 3 towards 83k.

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Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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