Elliott Wave Analysis: Minor Rally Can Cause A Big Recovery

Bitcoin is following our predictions very nicely for the last few days if not weeks. In the last 24 hours price made a nice spike and turn up from 3600 area where we see evidences of a completed wave IV correction. Reason for a bullish view is a five wave rise in wave 1, so more upside can be in the cards after wave 2 set-back to 3900/4000 level.

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