According to our Bullish Bitcoin Count, this retracement should be setting up for a big potential run higher. If Bitcoin can retrace to the .618 or .786 Fibonacci retracement and hold we could be looking at a solid run to the upside. On our Bearish count we would consider this territory the completion of wave 4 and expect to see further new lows. Considering the price of Bitcoin is on top of Ichimoku Cloud support on the 4 hour chart, we see this as being very problematic to support the Bearish argument.
News:
26 Million Americans Own Cryptos:
China's First Central Bank Governor In 15 Years Likes Bitcoin:
https://news.bitcoin.com/chinas-first-central-bank-governor-15-years-likes-bitcoin/
Primary Bitcoin Count
Secondary BTC Count
