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Bitcoin is finishing a corrective pullback [Video]

Bitcoin is finishing a corrective pullback [Video]
Gregor HorvatGregor HorvatWavetraders

Bitcoin made nice and clean A-B-C correction within wave (4) in the 4-hour chart as mentioned and highlighted. We can actually already see it trying to wake up from the first 26k support area, but to confirm a completed correction, we need to see a recovery back above channel resistance line and 29k region. Just in case if correction is still in progress, then next deeper support is at 24k.>

Chart

If you are interested in detailed view and more analysis like this, then you may want to watch our video of a live webinar recorded on May 12 2023 below:

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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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