Hi Traders! The trend is bullish on the main time frames, but today we will only follow intraday chart (Log Scale). That said, from a technical perspective, BTC is forming a 12345 bullish impulse structure, and we are currently in wave 3. If our analysis is correct, Bitcoin could trigger a corrective structure (ABC or ABCDE Pattern) in short term before developing another rally. On 1H chart we showed the support area and the potential amplitude of wave 5.
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