quantmaven

Bitcoin: On the road to 55K

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BINANCE:BTCUSDT   Bitcoin / TetherUS
There's some clarity in the Bitcoin count: Bitcoin appears to have finished a flat structure 3-3-5 as its secondary wave 4, yesterday morning. The strong move since yesterday is most likely impulsive, which would correspond to the start of a secondary wave 5 that would bring the price all the way up to 55K. The news that Coinbase would increase its crypto holdings by $500M is bullish and what triggered the start of this rally. It's not too late to get in, there is still ways to go, such as breaking for once the resistance of 48K.
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