E BTC/USD Strongly And Firmly Towards 8000 Region

As expected, Bitcoin is moving strongly and impulsively within wave »v«. It broke even above 7000 area, but we still see an unfinished five-wave cycle, so be aware of another leg up into 8000 area, where bulls may slow down into a deeper correction of a higher degree. So, at this stage, any sharp decline back to 6000 area would be an indication of a completed five-wave cycle.

BTC/USD, 1h

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