Bitcoin price today: hits record high over $124k on rate cut bets, corporate cheer
HOURLY CHART
26th February:
The more direct rally has required an adjustment but one that seems to fit nicely into the larger daily wave structure. We do seem close to the Wave iii high that should stall between the 361.8%-423.6% projection at 82.03-29. I favour the lower 82.03 target. This should trigger at least a 50% retracement, may be a touch more , to hold above 81.20-29 for gains to the 176.4% projection in Wave (iii) at 82.64. That seems the most likely but keep in mind the higher 198.4% projection at 82.99.
From the 82.64-99 high the pullback in Wave (iv) should be around 41.4%-50% suggesting around 81.24-48 (from 82.03) before extending higher in Wave (v) to form the larger (blue) Wave -a-.
RATIO TABLE
26th February:
The more direct rally has required an adjustment but one that seems to fit nicely into the larger daily wave structure. We do seem close to the Wave iii high that should stall between the 361.8%-423.6% projection at 82.03-29. I favour the lower 82.03 target. This should trigger at least a 50% retracement, may be a touch more , to hold above 81.20-29 for gains to the 176.4% projection in Wave (iii) at 82.64. That seems the most likely but keep in mind the higher 198.4% projection at 82.99.
From the 82.64-99 high the pullback in Wave (iv) should be around 41.4%-50% suggesting around 81.24-48 (from 82.03) before extending higher in Wave (v) to form the larger (blue) Wave -a-.
RATIO TABLE
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