Bitcoin on critical area
Bitcoin shows momentum yet unable to reach the tip of the resistance area at 30300 - 30400 area (yellow rectangle) this might confirm the wave04 of the Elliot wave from our previous analysis.
However we are at minor support 29400-29500 and waiting for Bitcoin to show a momentum upwards to break the resistance area or will Bitcoin finish the Elliot wave targeting previous low at 28600 or 28400 area.
New York time is approaching and News from the next hours will decide what will happen to Bitcoin.
Red Arrow is targeting Elliot wave and yellow arrow is targeting the resistance area from our price action.
However we are at minor support 29400-29500 and waiting for Bitcoin to show a momentum upwards to break the resistance area or will Bitcoin finish the Elliot wave targeting previous low at 28600 or 28400 area.
New York time is approaching and News from the next hours will decide what will happen to Bitcoin.
Red Arrow is targeting Elliot wave and yellow arrow is targeting the resistance area from our price action.
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