Bitcoin is coming higher, now finally breaking to new highs of 2023, moving out of a consolidation that has been in play since March of this year. We can see a nice and strong rise now, with some sharp extensions to 38k and with room up to 40k. After recent wave 4 corrective consolidation, we can see it already back to highs for wave 5, but with a slow price action, which can be potentially a small intraday wedge pattern, so be aware of a next corrective setback soon, down to 34k-33k support area.
(Click on image to enlarge)
For a detailed view and more analysis like this, you may want to watch our latest recording of a live webinar from November 27 below:
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