Bitcoin Could Skyrocket As Bullish Pressure Intensifies
Gregor Horvat | Oct 18, 2021 06:47AM ET
Bitcoin remains under intense bullish pressure. It looks like there is room for more gains that can send the price back above all-time highs in a five-wave cycle.
Currently, we are still tracking wave "v" of 3 in the 4-hour chart, so after a pullback to wave 4, we may see another push towards wave 5. Support lies between 58,000-54,000. Meanwhile, the invalidation level remains at 50,000.
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