Bitcoin has hit a double resistance:
- 66.7% retracement of the preceding decline, and
- the middle line of Andrew Pitchfork.
It is likely that BTCUSD will produce a pullback/a-b-c- shaped consolidation from here in subwave B down of wave 5 up.
That pullback has to make a higher low setting stage for another rally in subwave C of wave 5 up targeting a new all time high.
- 66.7% retracement of the preceding decline, and
- the middle line of Andrew Pitchfork.
It is likely that BTCUSD will produce a pullback/a-b-c- shaped consolidation from here in subwave B down of wave 5 up.
That pullback has to make a higher low setting stage for another rally in subwave C of wave 5 up targeting a new all time high.