Bitcoin with ticker BTCUSD is still in a higher degree bullish trend as expected. After spotting wave IV correction on the daily chart recently, it is now resuming higher for wave V. There is potential for it to reach the 100k area through a new lower degree five-wave bullish cycle. The BTCUSD Daily Chart can be found at www.wavetraders.com. The Basic Impulsive Bullish Pattern indicates that Bitcoin could be trading in wave 3 of V, suggesting more upside is expected. Later, we need to be aware of subwave 4 pullback before a continuation higher for wave 5 of V. The Basic Bullish Impulsive Elliott Wave Pattern can also be found at www.wavetraders.com.
