Cryptocurrency

Bitcoin Approaching Big 100k LevelNov 21, 2024

BTCUSD is coming and moving nicely higher as expected, after Donald Trump won US elections, so coin remains in a strong bullish five-wave impulse. Well, notice that price now finally broke higher, out of a recent fourth wave consolidation and is now seen in subwave five of an extended thrid wave which can slow down here around 100k. So there is a chance that there will be some back-and-forth moves in that very important big area that may not be broken that easily. But it may happen after the next fourth wave retracement, which should not be a surprise when it shows up since current break is out of a fourth wave triangle. Support on dips is at 85-90k

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