Elliott waves crypto analysis – Buyers charged

BTC –

Buyers charged

Wave Analysis

For almost a fortnight now, Bitcoin has been in a constant up trend and is still pretty much bullish both on the daily and the weekly charts. The overall trend on this crypto is upwards, thus, we’re focusing more on buying. A key resistance zone can be seen around 11625.00-12874.74. If we see any clear buy position now, then our target should be within this zone, however, in case the price breaks above it, then we may consider a long term long position with our target being 19000.01. If this target is taken out, then we expect a momentum towards 50000.00 by the end of this year.

Trade Recommendation:

Long Bitcoin towards 11625.00

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