Image Source: DepositPhotos

Bitcoin with ticker BTCUSD is trading in strong five-wave bullish trend as expected and the trend may resume after a corrective slow down. After we spotted a completed wave (5) of 3 in the 4-hour chart, we are still tracking a higher degree wave 4 correction. It just turned out to be more complex, either as a bullish triangle or alternatively deeper flat pattern. So, as soon as wave 4 correction fully unfolds, be aware of a bullish resumption into wave 5 of III towards 75k - 80k area.

(Click on image to enlarge)

For a detailed view and more analysis like this, you may want to join our live webinar later today on April 02 @ 15.00 CET: 

More By This Author:

Exxon Mobil Is On The Way Higher As Anticipated
The Euro Currency Could Weaken
DAX Remains In Strong Bullish Trend