Recently, Bitcoin has displayed a downward trend following its return to the daily resistance level. The ongoing bullish trend has completed four upward movements and is currently in its fifth wave. Should the price confirm a bullish breakout above this resistance, we can anticipate a continuation of the bullish rally towards the 35k mark. In order for this scenario to unfold, we require confirmation of the breakout, which may involve a slight pullback before the breakout or a clear and direct bullish move above the resistance within the next few days.
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