Bitcoin keeps consolidating within bullish trend [Video]

Gregor Horvat Wavetraders

Bitcoin with ticker BTCUSD remains in higher degree uptrend as prices broke to new ATH back in March before making some new pullback. On a daily chart we can still see it consolidating within wave 4 correction, which can ideally be a bullish triangle pattern before a continuation higher for wave 5 of III, unless we will see a flat correction within higher degree IV that can retest 55k-50k support zone.

BTC/USD Daily Chart

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Author

Gregor Horvat

Wavetraders

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

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