Bitcoin Breaks All-Time Highs In An Impulsive Fashion

Cryptocurrencies are in a massive rally with Bitcoin leading the way. Bitcoin (BTCUSD) is in a strong and impulsive rally on the weekly chart

Cryptocurrencies are in a massive rally with Bitcoin leading the way and there can be space for more gains, as we see an unfinished five-wave bullish cycle.

Bitcoin with ticker BTCUSD is in strong and impulsive rally on the weekly chart after we spotted a completed wave (IV) correction at the end of 2022. We have been talking a lot about bullish Bitcoin and other ALTcoin friends in the past year. BTCUSD remains strongly at the highs within bullish trend as expected and it's ideally unfolding a new five-wave bullish cycle within higher degree wave (V), so more upside can be seen, just be aware of subwave IV correction before the uptrend for wave V of (V) resumes.

(Click on image to enlarge)

btcusdW

 

 

 


More By This Author:

MicroStrategy Breaks 2021 Highs Impulsively
DAX Is Eyeing 18K Area
Emerging Markets Are Trading Bullish As Expected

Comments