Bitcoin is breaking to a new high, which was expected after that sharp fall back in September, viewed as a correction within an ongoing uptrend. There is room for current fifth wave rise up to 6k or even 7k, but be aware that its final leg within big five wave recovery, so corrective turn, a sharp one, should not surprise you. Any early drop below 4500 would suggest that high is in.

We also made video analysis on bitcoin in case you are interested.

Video Length: 00:10:32

 

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