Saturday, March 7, 2020

Bitcoin - potentially forming wave 3 upswing

After the price retraced, it looks like Bitcoin has finished ABC correction as wave 2. The end of wave 2 is exactly at 50% retracement level of wave 1. This is typical for wave 2.

If this analysis is correct, the next upswing is wave 3 and it should break past the previous high!
[Bitcoin - Daily chart]
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